Media & Entertainment
The entertainment industry represents a large focus of Ventura Pranas specifically because our base grew in Los Angeles. In front of the camera or behind the camera, we provide tax, business management, and audit services to the full spectrum of the entertainment industry. Our integrated team of tax, business management, and audit professionals understand the key business issues that impact the top and bottom line.
We understand the tax and accounting issues of the entire production cycle, from script development to pre-production, production, post-production, marketing, distribution, and release. Revenue and expense recognition, production capitalization, distribution accounting, waterfall payments to talent, studios, and producers, are just some of challenges facing the entertainment industry. We assist our film and television clients access film tax credit programs offered by many states across the U.S. We help our clients monetize these credits to improve production funding. Given the high costs and risks associated with the entertainment industry, it is critical that we bring you solutions to help optimize cash flow, provide tax savings and manage risk.
Performing Artists, Art & Sculptors:
Ventura Pranas works with several artists and Sculptors. We see them through the struggles of starting their career and see them through their metamorphosis of becoming sought after Artists. We have done sophisticated tax planning involving IC- DISC after careful consideration of their Foreign Sales component.
Our Services
Tax Services
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Financial Statements & Reporting
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Bookkeeping & Business Management
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Audit Assurance
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Benchmarking & Industry Analysis
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Business Start Up
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Registration & Licenses
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FDI Consulting
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Forensic & Investigations
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