The Bonadio Group Receives New York State Film Tax Credit Qualification

Pittsford, N.Y.-based The Bonadio Group (FY15 net revenue of $79.2 million) has recently been appointed to the pre-qualified list of CPA firms for New York State’s Empire State Development (ESD) Film Tax Credit Program. The program is designed to increase the economic impact of the movie-production industry in the state.

“Many New Yorkers remember the making of The Amazing Spider-Man 2 last year because it was filmed in locations all over the state, from Manhattan and Long Island, to Albany and Rochester,” says Thomas Bonadio, CEO and MP of The Bonadio Group. “That’s the power of this tax credit promoting film production in our state. Our firm is already working with clients who qualify, and we look forward to helping the film industry continue to thrive in the Empire State.”

As one of 16 CPA firms qualified for the tax credit program, The Bonadio Group assists opt-in film and television productions in the state by reviewing final tax credit applications according to agreed-upon procedures established by the ESD. These reviews will allow applicants to receive expedited approvals of the tax credit, and reduce the standard amount of time it takes companies to receive the necessary credits.

ESD launched its tax credit program in January 2015 as a way to incentivize qualified production companies to operate within the state.