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John Thomas and Kristy Clabaugh, Atlanta CPAs specialize in providing services to the film & entertainment industries both abroad and in the US. Their firm, located in metro Atlanta, provides consulting, accounting, tax and audit services helping production companies navigate the reporting requirements of International and local film tax incentives. They assist clients in all stages of project implementation from investor relations, entity structuring, waterfall projections, budgeting, pre-production and development, production accounting to post-production. John and Kristy excel in assisting clients with planning to ensure they get the most benefit from the film tax credits available. Their clients include those who produce feature films to acclaimed unscripted TV series and all in between. John and Kristy often participate as expert panelists at film festivals and other industry events. Website: www.elementcpas.com Twitter: @filmcreditz and @FilmDebits and @ElementCpas Instagram: @Kclabaugh01 and @Elementcpas Facebook: Element Accountants and Consultants Full Bio »
Back by popular demand, Kristy Clabaugh and John Thomas from Element CPAs are going to be breaking down advanced level production accounting for film & television to Producers, Investors, Line Producers, Production Managers & Coordinators, and anyone else involved in accounting for film and television projects.
In this exclusive webinar they’ll go over advanced level financial reporting requirements, production accounting, after you wrap, tax preparation and incentive reporting.
Together, John and Kristy have serviced hundreds of clients in the industry - there isn't much they haven't seen, so bring your questions! John carries a Master of Accountancy and a Master of Business Administration and has more than 15 years experience navigating his clients through the complexity of the film tax credit audit process and advising on the project set up from development, pre, and post. Kristy serves on the executive board of directors as Treasurer for both the Georgia Production Partnership and Women in Film & Television Atlanta.
Financial Reporting Requirements
After you Wrap
Q&A with John & Kristy!
We will make you aware of the major considerations you should give to these topics so that you can avoid many of the mistakes that can cause productions so much heartburn. Obviously, this webinar does not replace the amazing talents of an appropriate accounting and legal team. Please consult your own advisors to ensure you are following the rules and navigating the complex world of tax and regulations which govern the industry. We do, however, hope that this will help you avoid many common mistakes that film and televisions make!
John Thomas and Kristy Clabaugh
Q: What is the format of a webinar?
A: Stage 32 Next Level Webinars are typically 90-minute broadcasts that take place online using a designated software program from Stage 32.
Q: Do I have to be located in a specific location?
A: No, you can participate from the comfort of your own home using your personal computer! If you attend a live online webinar, you will be able to communicate directly with your instructor during the webinar.
Q: What are the system requirements?
A: You will need to meet the following system requirements in order to run the webinar software: Windows 7 or later Mac OS X 10.9 (Mavericks) or later.
If you have Windows XP, Windows Vista and Mac OS X 10.8 (Mountain Lion): The webinar software does not support these operating systems. If you are running one of those operating systems, please upgrade now in order to be able to view a live webinar. Upgrade your Windows computer / Upgrade your Mac computer
Q: What if I cannot attend the live webinar?
A: If you attend a live online webinar, you will be able to communicate directly with your instructor during the webinar. If you cannot attend a live webinar and purchase an On-Demand webinar, you will have access to the entire recorded broadcast, including the Q&A.
Q: Will I have access to the webinar afterward to rewatch?
A: Yes! After the purchase of a live or On-Demand webinar, you will have on-demand access to the audio recording, which you can view as many times as you'd like for a whole year!
Kristy Clabaugh, CPA and John Thomas, CPA present a webinar designed to teach the basic concepts of film and television accounting to Producers, Investors, Line Producers, Production Managers & Coordinators, and anyone else involved in accounting for film and television projects. In this exclusive webinar we’ll go over the basics of entity selection and creation, pre-production and development stage considerations, budgeting & production accounting, wrap accounting, and finally, post-production reporting and tax considerations. Together, John and Kristy have serviced hundreds of clients in the industry - there isn't much they haven't seen, so bring your questions! John carries a Master of Accountancy and a Master of Business Administration and has more than 15 years experience navigating his clients through the complexity of the film tax credit audit process and advising on the project set up from development, pre, and post. Kristy serves on the executive board of directors as Treasurer for both the Georgia Production Partnership and Women in Film & Television Atlanta.
Learn directly from Host Tatiana Kelly, who has produced 12 independent films including The Words (Bradley Cooper and Zoe Saldana), Wristcutters: A Love Story and The Procession! One of the most critical stages in filmmaking, once you have a script, is budgeting your film. The budget can cover everything from the inception of the project, such as writing fees and other development costs, all the way to the finished film and even film festival marketing. Whether the film is under $10,000 or over $10,000,000 the film budget must present a spending plan for every dollar to be expended on the production. You will need to have a budget that is detailed and accurate because it will serve as the road map and your bible for the project. It is also one of the key documents of your presentation that should be in place when seeking out investments. It is really the scope of the budget that will directly affect the amount of money needed to be raised. Creating a budget is not an easy task given that it can consist of hundreds of line items that have to be balanced across many different competing priorities. Both over and under estimating the budget can be disastrous in that you can either end up not having enough money to finish the film or you can have enough but it will be impossible for investors to recoup their financial investment. In this Stage 32 Next Level Webinar, host Tatiana Kelly will present a straightforward method of developing a working budget. She will discuss what some of the key questions are as well as the decisions that need to be made prior to embarking on a budget. There are certain primary elements of the film and the screenplay that may be necessary such as stunts or locations or cast in order to secure financing for example, and which will help start to build out the budget. She will also cover budgeting basics and review what all of the line items represent. Tatiana Kelly is an independent producer who has produced 12 independent films including Wristcutters: A Love Story, The Words (Bradley Cooper and Zoe Saldana), and The Procession. Tatiana is also on pre-production on "Cut Throat City" which she is producing with Reggie Hudlin ("Django Unchained") and which is being directed by RZA from the Wu Tang Clan, "Catcher Was a Spy" based on the New York Times bestseller of the same name, directed by Ben Lewin ("The Sessions") and written by Academy Award-nominated writer Robert Rodat ("Saving Private Ryan", "The Patriot", "Thor 2"), and "House of Curl" based on the bestselling book by the same name starring Guy Pearce and Laura Linney. She is also in development on projects with Academy Award-nominated writer Tab Murphy ("Gorillas in the Mist"), Ernesto Foronda ("Better Luck Tomorrow"), and companies including Lynda Obst Productions, CBS Studios, and Tribeca Productions.
Learn directly from Simon Graham-Clare and Ricky Margolis, Producers and Consultants at Future Films USA who have financed and/or produced over 200 films & TV shows! "Loved the presentation and I found it very informative! Thanks again!" - Richard D. "Great seminar - informative and to the point." - Robert G. "Very well presented with a personal take on the business." - Glenn C. "Excellent presentation! Organized, well-spoken... nothing negative to say here!" - Brent B."I felt like Simon had a concise step by step study guide on the process of getting to the green light... it's no longer a jumble" - Betty S. Sales agents are a key part of getting your film distributed, but often filmmakers find it challenging to identify and secure a good sales agent. What questions should you be asking when shopping around for a sales agent? How do you know which agent is right for your film? What can a sales agent do for you that you couldn't do yourself? We've brought back crowd favorites Simon Graham-Clare and Ricky Margolis, Producers at Future Films USA, to explain why you do in fact need a sales agent - even for smaller budget films - if you're looking to get distribution. In this on-demand Stage 32 Next Level Webinar, they will clarify exactly what a sales agent does so you can know what to expect when working with one, and will demystify the world of distribution so you can have an easier time obtaining your goal - getting your film seen. Simon and Ricky have financed and/or and produced over 200 films and TV shows and are excited to share their extensive knowledge about sales agents with you! If you are a writer, director or producer, knowing what a sales agent does will help you gain a better understanding of what the market is looking for and how you can appeal to audiences. As a filmmaker, you will learn more about independent film financing and distribution, how sales agents are a key ‘middle man’ between the production and the audience. This webinar is on-demand and available for immediate download!
Hollywood studios will release less than 100 movies in 2019, most written by veteran writers. The Independent Film market is struggling. All the while TV is exploding. More than 90% of working WGA writers are in TV, which is the market for quality writing and entertainment. Why? TELEVISION IS RUN BY WRITERS. In 2019, Television will produce more than 500 original scripted shows – that’s more than 5,000 scripts – with Netflix, Hulu and Amazon alone spending a combined $20 to $25 BILLION on programming. What’s the secret to breaking in, finding a job on staff or selling a new show? A GREAT, ORIGINAL PILOT. James Dalessandro will work with aspiring Writers, Directors, Producers to focus them on what it takes to make the dream come true – a career in Television. Your host James was handpicked by Stan Lee to write the TV Pilot and Bible for THE RESTLESS for POW! Entertainment. In addition he also has Brad Bird (Incredibles, Incredibles 2, Ratatouille) attached to direct a feature film '1906' based on his own novel. He's also written and produced TV for FX, Eone, Televisa USA, Starlings Entertainment and Gross/Jacobson Entertainment. ***All attendees will receive a pdf of THE AMERICANS pilot!
Crowdfunding has completely revolutionized the way film, video, and other creative projects from graphic novels to albums and art exhibits are financed by taking the power from the corporations and putting it back into the hands of the creators and their audiences. The days of setting up a “standard definition” campaign on platforms like Indiegogo are all but extinct. Now more than ever, creators must run crowdfunding experiences that are as exciting as the projects they’re looking to get funded. We've brought in author of Crowdfunding for Filmmakers and Indiegogo’s Film/Creative Campaign Strategist John T. Trigonis who has worked on thousands of film crowdfunding campaigns ranging from micro-budget to over $1MM. In this webinar John will teach his Tao (Way) of crowdfunding to encompass the ever-changing landscape of online fundraising for film and creative projects. You will be provided with the basics of running a successful and memorable campaign and learn from case studies of those who have had successful crowdfunding campaigns. You will walk away with some advanced tactics to raise even more than your goal. This is all gently infused by the philosophy that makes Trigonis’s advice work wonders –– Taoism. True success in crowdfunding comes not from a short-lived stint with crowdfunding, but commitment to crafting a memorable community experience.
We are thrilled to bring in veteran producer, director, screenwriter, and actor Zack Ward. Zack began his career with his role as Scut Farkus in A Christmas Story, and has since spent more than three decades acting in over 100 films. All of his years on set have allowed him to learn the elements of making a film inside and out. As a result, over the last several years Zack has gone on to produce 3 films and directed 1 feature film. His film Restoration, which he wrote, directed, acted and produced in is currently available on Amazon, iTunes, Google Play, Hulu, Ubiquity and coming this month on Redbox. This micro-budget film was made for only $75,000, was shot in 14 days - and - here's the kicker - was making money before he ever yelled "ACTION!" Now, exclusively for Stage 32 Next Level Education Zack is going to take you through the processes and procedures he's learned to bring his latest feature film in on time, on budget and profitable.