Media & Entertainment

Under ASC 926, film and television production costs are capitalized and amortized based on the ratio of current period revenue to estimated total remaining revenues (the individual film forecast method). This requires regular updates to revenue forecasts and can result in accelerated amortization when a project underperforms. SMAART manages the full lifecycle of content asset accounting from production through full amortization.

Yes. Many states offer substantial film production tax incentives including credits, rebates, and exemptions that can significantly reduce production costs. Florida, for example, offers qualified production incentives for film, TV, and digital media production. SMAART identifies all available incentives, manages the application and certification process, and ensures proper tax treatment of any credits received.

Absolutely. Content creators, YouTubers, podcasters, influencers, and streaming personalities, have unique tax and business structure needs. SMAART helps creators establish the right entity structure, manage self-employment taxes, deduct production expenses, handle brand deal and sponsorship income, and plan for the financial complexities that come with rapid platform growth.

Multi-territory royalty accounting involves tracking rights licenses across different formats (theatrical, streaming, broadcast, home video, digital), territories, and time periods, each with different royalty rates, advance structures, and payment waterfalls. SMAART builds accounting systems that track each rights agreement, calculate royalties accurately, and generate statements that satisfy both internal management and external rights holders.