PRODUCTION PAYROLL - FREELANCE PAYROLL
FREELANCE PAYROLL
From visual effects artists and video game designers to ad agency producers and creatives, the entertainment and advertising industries employ a significant number of people on a freelance basis. These individuals are often misclassified as independent contractors, opening the employer up to potential government fines.
The TEAM Companies work closely with ad agencies, post-production facilities, and production, visual effects, videogaming and animation companies to help them understand the state and federal regulations so that they can determine which freelancers qualify as independent contractors and which ones meet the IRS and applicable state definition of employees.
When TTC acts as the Employer of Record for freelancers who are classified as employees, it allows clients to better manage the costs associated with employment overhead. Clients benefit from:
- Lower overhead – reduced number of FTEs being onboarded and soon after removed from a company’s payroll roster
- Reduced workers’ comp costs and claim management for short-term workers
- Reduced unemployment liability – employees paid by TTC are done so under TTC’s EIN
- Affordable Care Act reporting support – we let you know when freelancers are approaching ACA qualifying thresholds
- Labor law resources – our subject matter experts provide labor law updates and guidance as it applies to freelance workers