Tax Credit Administration
Inferno oversees all aspects of tax credit administration through to completion ensuring a smooth and efficient process, including:
Reviewing the budget and production documentation to ensure that the production complies with tax credit regulations.
Preparing an initial estimate of provincial and federal tax credits based on a labour breakdown of the final locked budget.
Preparing and filing all applications for federal and provincial accreditation.
Monitoring production costs throughout production, ensuring maximum tax credit refunds and identifying to producer any variances in the estimated tax credit.
Responding to all government inquiries throughout the review process.
Arranging for year-end tax returns for the production company.
Overseeing the CRA (Revenue Canada) audit, and provincial audits if required, and responding to any inquiries arising from the audit.
Closely tracking the progress of all government audits to ensure they are completed as quickly as possible.