Are Hollywood Loan-Outs in Trouble? [Yahoo! Finance]
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Source: Yahoo! Finance
loan-out companies instead of directly, according to a major Hollywood payroll provider. “The California Employment Development Department (EDD) has informed Cast & Crew that payments made to loan-outs should have been paid directly to the loan-out corporation owner/shareholder as wages,” payroll provider Cast & Crew said in an email sent to industry workers on Friday. “It is anticipated that this will quickly become an industry-wide issue. It will not be specific to payroll processed by Cast & Crew, and would apply state-wide, regardless of payroll provider.” More from The Hollywood Reporter 'Reagan' Trailer Features Dennis Quaid as the 40th U.S. President and His Journey to the White House The Best Memorial Day Furniture Sales to Shop Now The Best Memorial Day Sales, From Lovesac's Star-Fave Couches to Nars Cosmetics According to the payroll provider, the EDD's position “appears to be targeted generally to the use of loan-out corporations in the entertainment production
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