
wHat i Offer
Back-office Accounting
Tax Credit Consulting & Claims
Accounting & Compilation Engagements
Back-office Accounting
Full Bookkeeping solutions customized to meeting your changing needs. From monthly financial statements to GST/HST returns and payroll, my services are designed to give you a suitable solution.
Bookkeeping Services:
Bank and Credit Card Reconciliations
Accounts Receivable and Accounts Payable
Budgeting and Cash Flow Planning
Payroll Management
GST Recording and Reporting
Periodic Financial Statements
Tax Credit Consulting & Claims
Receiving substantial cash refunds or tax credits from the government can provide the stimulus you need to bring your film project to the next level. Many productions are eligible for thousands of dollars in tax credits— however, they are not applying for them because they are not aware that they qualify. The compliance and tax issues to secure these credits are complex and time consuming. I can assist you with your tax credit management and make sure you are making the most of the benefits available.
Areas of expertise:
Federal and Provincial (BC, Ontario and Quebec) Tax Credit eligibility
Federal and Provincial Tax Credit Estimates and Calculation Review
Completion of Federal and Provincial Tax Credit Applications such as:
Production Service Tax Credit (PSTC)
Film Incentive BC (FIBC)
Digital Animation, Visual Effects and Post Production (DAVE)
Ontario Production Services (OPSTC)
Quebec Production Services Tax Credit (SODEC)
Canadian Audio-Visual Certification Office (CAVCO) Applications
Canadian Film or Video Production Tax Credit (CPTC)
Accounting & Compilation Engagements
Cinephile provides complete business services for the film industry. From budget analysis to compilations, I will help you set up your accounting structure from the start of your project. During the initial stages of a project I offer referrals to legal assistance, funding and budget preparation. Throughout production I take care of your cash flow and give advice on tax and compliance issues. Once the filing is complete, I finish your books, make your submissions and ensure you are compliant, timely and audit-ready.
Areas of expertise:
Pre-production, Production and Post Production Accounting
Compilations of Financial Statements
Corporate and Personal Tax Returns
Due Diligence and Special Investigations
Financial Projections and Forecasts
Cash Flow Management and Budgeting
I am amongst the few accountants that work solely with professionals working in the film industry. This hyper-specialization has allowed me to focus on the unique needs of this industry allowing me to completely tailor my services to meet my client’s expectations. Very little about how I work mirrors traditional accounting firms; I will respond to questions outside of office hours, I’m approachable and I truly want to empower you to succeed.
— Vishal Hiralal, CPA