Accounting & Business Management in the Entertainment Industry in Canada
You have a lot of artistic ability. Instead of becoming mired down in the business of entertainment, you would be better served by spending your time polishing your talent, building your brand, and communicating with your followers.
We recognise, as passionate advocates and promoters of Canada’s music and entertainment industries, that numbers are a detriment to creativity. We, on the other hand, are here to help. Allow us to take care of the time-consuming details so you can go back to work.
Bomcas Canada Accounting and Tax Services is a company that specialises in the accounting and taxation of the entertainment industry. We work with filmmakers, photographers, and entertainers such as actors, musicians, and professional athletes to produce films and photographs. Using a unique combination of accounting expertise and industrial experience, our team is able to effectively manage finances and minimise tax obligations for our clients. In the event that you become a client of ours, we will become your trusted business advisor, working with you to reduce your tax liabilities, overcome industry issues, and make sensible financial decisions. As a result, your company’s revenues will increase, and your personal wealth will increase as well.
As a result of our conversations with you, we take the time to listen and learn as much as we can about your needs in order to uncover accounting and tax procedures that will save you money and resources. Using tax incentives such as tax credits, we help film production companies enhance their earnings for themselves as well as their investors. We help performers and musicians earn the most money possible by conducting licencing audits, tracking royalties, and building internal control systems.
What is Entertainment Accounting?
Although some people believe that accountants spend their entire day confined inside an office going over data, others are aware that there is a more interesting business known as entertainment accounting. Entertainment accounting is a type of accounting that allows you to work directly with all of your favourite celebrities. We can give financial advice, accounting and tax services for artis, film studio and music studio, help with record business bookkeeping, payroll, tax preparation and filing, and other services.
Entertainment Industry Accounting
- Recognize the circumstances under which a licence agreement is recorded in a broadcaster’s accounting records.
- Define the conditions for capitalising interest.
- Describe the features of the various costs paid throughout the creation and distribution of your artwork.
- Obtain the correct accounting for a record master.
Industries Bomcas Canada Services
Agriculture and Food Services Accountant
Blockchain and Cryptocurrency Accountant
Cannabis Accounting Services
Construction Accounting Services
Craft Breweries Accountant
Financial Services Accountant
First Nations and Indigenous Accountant
Life Sciences Accountant
Manufacturing Accounting (Plus Distribution)
Mining and Exploration Accountant
Non resident investment in Canadian real estate
Oil & Gas Accounting
Real Estate Accountant
Technology Accountant