Production Incentives

Production Incentive Compliance

North Star Incentives will provide planning advice to clients to maximize domestic and international production incentives. Our services include:

  • Preparing comparative budgets in order to determine the most cost effective production location.

  • Completing applications and ensuring compliance with any other requirements of the production incentives programs

  • Supporting the audit process and advocating for the most optimum production incentives possible.

  • Reviewing production budgets to estimate the production incentive amount and then issuing our opinion to producers and/or financiers.

  • Establishing procedures with production personnel to track application requirements and all eligible spend.

  • Reviewing general ledgers throughout each stage of production to ensure all qualified expenses have been properly identified, that the actual production incentive calculated meets the expectations of the producers and financiers, and most importantly, that the incentive requirements (i.e., thresholds) are being met.

Production Company Entity and Corporate Tax Preparation Management

  • Corporate legal setup and planning of Production Company

  • Management of tax preparation of Production Company entity

Services in Partnership With

Tax Credit Placement

North Star Incentives has partnered with RiseImpact Capital to enable purchases and sales of transferable tax credits to corporate and high net-worth individual buyers. Leave the work of monetizing your tax credits up to us!

Incentive Financing

North Star Incentives has partnered with RiseImpact Capital. We can help monetize your incentives before, during or after you start production!

Prep & Post Production Accounting

Development Phase Accounting & Prep Accounting
(before pre-production)

  • Bank account set up / reconciliation

  • Accounting system setup

  • P-card system setup

  • Payroll processing, accounts payable, Journals, P-cards, Cost Reports, CTD reports, etc.

  • Cash Flows

  • Budgeting

  • Incentive coding assistance

  • Writers’ Room

  • Digital file system setup

  • Turnover to Production Accounting team

Post Production Accounting

  • Payroll, Accounts Payable, Journals, Purchase Orders, P-card processing

  • Create and maintain Post-Production Accounting Digital Files

  • Cost reporting and estimating until the delivery of project

  • Reconciliations of trial balance items / deposits

  • Cash flow updates / funding requests

  • Extension estimating

  • Bank reconciliations

  • Guild, pension plan and insurance audit assistance

  • 1099 preparation and year-end financial reporting

 

Children’s Programing/Animation Accounting

Business Affairs

 
 

  • Business Affairs consulting

  • Advising clients on their negotiations at all levels of the production (chain of title, development deals, director’s deals, talent deals, ...), finance (co-finance agreement, bank closing) and distribution process (acquistions, negative pick up) as well as with any slate funding deals, or co-production agreements.

  • Advising clients on how best to expand their business and establish themselves in local emerging territories (China, Brazil, Korea) or established/subsidy rich local territories (France, UK, Germany)

  • Advising clients on how best to structure and set up international co-productions in order to maximize local production incentives while protecting the creative integrity of the project

  • Advising clients on the best negotiation strategies and approach when dealing with difficult counterparts or a party with very different practices due to their cultural differences.

  • Establishing in-house procedures to facilitate the flow of information between the business affairs department and the other departments of the company (marketing, finance, accounting, ...)

  • Advising companies on their potential expansion plans and strategies.