Hal Richman provides advisory services for firms applying for the Digital Media Tax Credit (DMTC) and the Digital Animation Tax Credit (DATC). As well, he acts as an agent to submit the tax credit applications on behalf of the applicant.
Hal has in-depth experience and expertise in financial and management accounting via his training as a Certified Management Consultant; managing the financial and management accounting for several businesses for the last 25+ years; and developing numerous business plans involving complex budgets and financial projections.
Through his successful work for firms in Nova Scotia such as Alpha Dog Games, Binogi Canada, Blue House Energy, Gamemode One, Maritime Digital Art and Design, Puzzle Finch Games, Styrax Studios Inc., Vesuvius Media, Visnea, XR and D Engineering and ZeniMax Halifax Hal Richman has developed a detailed understanding of the rules and requirements for the tax credits. Hal has filed $5.5M of approved Part B applications since 2016.
Work tasks include
- Compile and Review for completeness and accuracy:
Application workbook - Bank statements for FY + following monthBiweekly or monthly payroll registers in Excel
- Certificate of Election or statement of IP ownership
- Declarations of Residency for all FY
- Detailed P&L and Balance Sheet
- T4
- GANTT
- Synopsis of product and video to game play linked to synopsis
Provide all documents requested by the auditor (as required) and address all questions from the auditor.
Send completed documents to the Nova Scotia Department of Finance and Taxation and address all questions.