Successful productions need a solid back-office
Munich has long been a location with renowned film and TV production companies and film-makers. Since our firm was founded, we have been able to gain a great deal of experience in the industry. From a contractual point of view, there are different roads that lead to different balance sheets in regards to film projects. The Accounting Law Modernization Act allows for the possibility to capitalise on custom-made intangible assets in trade balances. The transition from working on a production in an employment capacity to doing so as a freelancer is fluid, as is the contractual/artistic relationship.
How you benefit
Larger productions are often organized based on the division of labour. Film accounting, for example, is prepared on-site. The combination of project accounting into the overall accounting requires strong communication skills and experience in dealing with division of labour processes. Here, knowledge in the field of cross-border taxation of individuals and companies is just as vital as having strong English communication skills. The tax treatment of production companies, co-producers, participating actors, artists, and other service providers must be taken into account at the beginning of production in order to foster a smooth progression of a project.