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Above The Line Accounting Pty Limited

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Above The Line Accounting Market Research Report



Company Overview



  • Name: Above The Line Accounting Pty Limited

  • Mission: To provide specialized production accounting and tax services to film, TV, and online media production companies and producers, assisting them throughout their creative journey.

  • Founded: 2012

  • Founder: Matthew Carter

  • Key People:

  • Matthew Carter - Managing Partner

  • Ian Browning - Media Specialist

  • Several other employees with expertise in accounting and production

  • Headquarters:

  • Level 10, 418A Elizabeth Street, Surry Hills, NSW 2010, AU

  • Ground Floor, 477 Boundary Street, Spring Hill, QLD 4000, AU

  • Number of Employees: 2-10

  • Revenue: No information is available

  • Known For: Providing chartered accounting services specifically tailored for the media and entertainment industry, with a strong emphasis on production accounting and tax services for film, TV, and online media businesses. They also possess the unique advantage of understanding the challenges within the production industry from a first-hand perspective as they have producers on their team.


Products and Services



  • Production Accounting:

  • Description: Specialized services in production accounting include finance plan reviews, SPV setups, production accounting, payroll, and producer offset applications.

  • Key Features:

  • SPV (Special Purpose Vehicle) setups for productions

  • Comprehensive support throughout the production lifecycle, from pre-production to post-production

  • Expertise in finance planning and budgeting specific to film and TV projects


  • Tax and Ongoing Business Support:

  • Description: Offers tax planning, tax return filing, bookkeeping, and ongoing company accounting services.

  • Key Features:

  • Tailored tax planning for production companies

  • Producer Offset applications

  • BAS preparation and company ASIC services


Recent Developments



  • May 2023: Expansion with the introduction of a new office in Queensland.

  • February 2024: Appointment of a new Practice Manager, David.

  • November 2023: Launch of ATO lodgment penalty amnesty program.

  • Partnerships: Involved in numerous film productions such as "Ruby’s Choice," "Everything In Between," and worked with broadcasters like Warner Bros and ABC.


Industry Impact and Client Testimonials



Above The Line Accounting has established itself as a trusted partner in the film and television industry, evidenced by glowing testimonials from clients who highlight the company's expertise and support, especially during challenging periods like COVID-19:

  • Client Testimonials:

  • Joe Weatherstone praised Matthew’s knowledge and foresight.

  • Margaret Tillson commended ATLA's dedicated service and professional advice during the COVID-19 pandemic.

  • Michael Budd and Nadi Sha detailed ATLA’s comprehensive support and partnership through their film productions.


Company Initiatives and Communication



  • Initiatives:

  • Leading Lights: A funding initiative enabling diverse screen creatives to participate in professional development programs.

  • Communication:

  • Regular newsletters offering industry updates, funding opportunities, and legislative changes affecting production companies.


Challenges and Solutions



  • Staying Competitive: Above The Line Accounting continuously adapts to changes in legislation and industry practices to provide current and strategic advice to their clients.

  • Tailored Services: Their unique position as accountants and experienced producers allows them to offer services specifically tailored to the nuanced needs of producers and production companies.


Conclusion



Above The Line Accounting leverages its specialized knowledge and experience in both accounting and film production to offer a unique value proposition in the industry. Their deep understanding of the challenges faced by production companies and proactive approach to client service make them a credible and dependable partner. With strategic expansions and a commitment to staying abreast of industry changes, ATLA ensures that they remain a relevant and supportive force for their clients in the creative industries.