The right preparation is essential if you want prompt payment of your QAPE producer offset. We can help you to prepare your QAPE submission thoroughly and reduce the demands on your time and resources. Good preparation means you avoid those things that delay an offset payment: unanswered questions, inaccuracies and/or deviations from the required format in your submission.
We understand that a film audit requires wide-ranging, specific and detailed information that is collected over a long period and documented in a particular way.
Here are three ways our QAPE Audit Framework helps you get ready:
1. Guidance from POCU
In addition to providing clear pointers on what information is required and the right format, we can also pass on specific tips from POCU. For example, POCU has informed us that:
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Contracts submitted to Screen Australia should be properly signed;
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Screen Australia prefers applications that include detailed breakdowns of bulk transactions rather than total amounts;
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It’s worth taking the time required to submit a complete application, rather than trying to cut corners; and
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You should include quotes for large post production expenditures in your final application.
2. Trouble-shooting
As experienced auditors we are familiar with the types of problem that can stall the audit process. We can also anticipate them and take steps to address them promptly. Our close relationship with POCU means we can handle unusual situations without them becoming problems. For example, a quirky production issue can be explained by a cover letter provided by POCU for submission with your rebate application.
3. Efficiency
Our approach makes the audit process easier by:
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helping you customise your software so that all the details POCU requires are included in your accountant’s paperwork;
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mentoring your administrative staff on possible pitfalls;
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showing you simple procedures for tracking QAPE throughout production so that your report of non-QAPE expenses is ready when required; and
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preparing specific items if required including:
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payment records for non-Australian crew and cast
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interested party expenditure
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reimbursements
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estimates to complete
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development expenditure.
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Your final submission to Screen Australia must be accurate and use the prescribed template with all supporting paperwork included. Our goal is to prepare it so thoroughly for you that POCU will have no questions and can issue your certification promptly.
Next Step
To find out more about our Film Services Division team, 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
The information (including taxation) contained within this document is of a general nature only and neither represents nor is intended to be personal advice on any particular matter. Rosenfeld Kant and Rosenfeld Kant Wealth Advisors strongly suggests that no person should act specifically on the basis of the information in this document, but should obtain appropriate professional advice based on their own personal circumstances.
QAPE Film Audit Producer Offset Series
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