When it comes to QAPE film audits you need experienced film audit professionals who can offer POCU guidance and uses a comprehensive and proven and approach so that your producer offset is paid promptly.
Any delay in your producer offset payments is expensive and frustrating and can significantly affect your production profit. As professional film auditors, our role is to anticipate and respond logically to audit issues before they cause delays.
The Rosenfeld Kant approach, the QAPE Audit Framework, addresses the typical reasons for audit hold-ups so that problems don’t get the chance to snowball. This is achievable because our specialist auditors provide no-fuss hands-on assistance and mentoring. We are a small and tight-knit team with the agility to offer you and your accountant personal and responsive phone and email support.
At the outset
We can help you set up your SPV and complete ATO registrations for you.
During pre-production
We can advise on when to engage your production accountant and the most appropriate way for you to coordinate with them throughout the audit process.
Throughout production
We touch base regularly and guide you and your production accountant so that, the right information and documentation are collected with the necessary supporting paperwork. We then swiftly produce the audited accounts for you for submission to Screen Australia.
Following certification
We’ll be ready to ensure that your tax return has been received by the ATO and follow up with the ATO weekly, keeping you informed of progress.
Once you’ve received your offset payment
We can assist with prompt repayments to your lenders and, if necessary:
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deregister your SPV;
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ensure ATO registration cancellations are complete; and
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finalise your BAS.
Our QAPE Framework directly benefits you by minimising the time between:
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your final production expense and your submission to Screen Australia;
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the ATO receiving your tax return and your receipt of your offset payment; and
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receipt of your offset payment and final repayments to lenders.
Our goal, as always, is to ensure that POCU have no questions about your audited accounts, enabling them to issue your certificate in approximately 12 weeks. Once your tax return is lodged, we expect the electronic transfer of your offset payment by the ATO in just 2 to 4 weeks.
Next Step
To find out more about our Film Services Division, our QAPE Audit Framework and how we partner with Australian producers or production accountants on movies, documentaries and TV series, large and small, please contact Tamara Kay on (02) 9375 1200 or tamara@roskant.com.au