Film Industry Accounting

In normal course you will receive your contract income with withholding tax deducted. Very rarely in the film industry is PAYE used.

Double check your payment schedules

  • If it is withholding tax that has been deducted then you fit the definition as "Self-Employed"
  • If self-employed then normal-course tax deductable expenses apply

Expenses such as:

  • Business use of home if you have space there used for business purposes. These expenses include mortgage interest, rates, rent, insurance, power, telephone repairs and maintenance
  • Mobile phone
  • Internet provider costs
  • Some travel / transport
  • Computer consumables as well as the depreciation on the computer
  • Stationery
  • Course Fees
  • Travel costs to the industry meeting(s) etc. Both domestic and international
  • Costs associated with the film / media industry e.g. Film tickets
  • Some entertainment costs 

This schedule is not exhaustive neither restrictive

Our suggestion is that if you have a spare 30 minutes, call on over and we'll take a quick look at your tax position. From there if we agree that it's worthwhile submitting (to the IRD) a set of accounts we'll provide you an accounting fee quote and get on with the job.

95% of our film industry clients have received refunds over the years. Some as high as $19,000!

When you get a minute give us a call (04 939 1110) or email (lawrie@cornish.co.nz) to discuss.