Kahn & Co.,Commerce Twp.
A CPA since 1987, firm founder Patricia Kahn had been long established in the home building, construction, and real estate development industries, an area that peaked in 2005. With business plummeting even further the last two years, Kahn, with extensive experience in State of Michigan audit programs, found a new niche when the film incentives passed, auditing one of the program’s very first films, The Job. Steady growth has occurred since, consisting of varied audit and tax work, including one California film company’s recurring tax needs, beyond its film incentives requirements.
Revenue decline pre-April, 2008: 60% decrease
2009 film sector growth: 400% increase over 2008
Projected film growth in 2010: 150% increase
% of film business to gross revenue: 30%, trending upward
Capital Investment: 100% increase in office space, to 3,000 sq. ft.