State Tax Incentives and Streamlining Your Accounting
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Episode 120 - State Tax Incentives and Streamlining Your Accounting
In this episode of the Faith and Family Filmmakers Podcast, Geoff welcomes back Margot Ransom, a seasoned production company accountant, to discuss her journey in the industry, the intricacies of tax incentives, particularly highlighting the Kentucky incentive, and the importance of proper accounting practices in film production. Ransom shares detailed insights on software tools and strategies to manage production budgets effectively, ensuring financial transparency and control, and offers practical advice for producers to minimize errors and avoid budget overruns in their projects.
Highlights Include:
- Welcome and Introduction
- Margot’s Journey into Film Accounting
- Transition to the Faith-Based Film Market
- Understanding Tax Incentives in Different States
- Spotlight on Kentucky and Wrigley Media Group
- Efficient Accounting Practices for Productions
- Using Emshee and Other Software Tools
- Payroll and Legal Considerations
- Cost Reduction Tips
- Communicating on Budget Overruns
- Final Thoughts and Contact Information
Bio:
Margot Ransom is the CEO and Founder of Prod Co Accountants.
With over 25 years of accounting experience in production finance, Margot understands business and accounting systems. She knows what information owners and producers need to manage the business effectively. She has spent her career bringing smooth, predictable financial operations to production companies.
An effective communicator, she can cut through the sometimes complex and mysterious world of accounting and translate it to simple English.
https://www.linkedin.com/in/margot-ransom-prodcoaccountants/
https://prodcoaccountants.com/
https://cashflowprojection.prodcoaccountants.com/opt-in-projection
https://tinyurl.com/SampleStreamerCOA
https://tinyurl.com/3PitfallsTrackingShowCosts
https://www.whoisnefarious.com/
https://tinyurl.com/LightsCameraKentucky
https://tinyurl.com/ExploratoryCallMargot
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The Faith & Family Filmmakers podcast helps filmmakers who share a Christian worldview stay in touch, informed, and inspired. Releasing new episodes every week, we interview experts from varying fields of filmmaking; from screenwriters, actors, directors, and producers, to film scorers, talent agents, and distributors.
It is produced and hosted by Geoffrey Whitt and Jaclyn Whitt , and is brought to you by the Faith & Family Filmmakers Association
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