ENTERTAINMENT PAYROLL FAQ'S
Educate and inform yourself in the basics of payroll
For more information or questions please call or e-mail us
Could my production be "too small" in terms of employees and/or budget for ABS to handle my entertainment payroll?
ABS Payroll is well known for its love of the low budget, or Independent film. That's why we're known as "The Independent Filmmaker's Choice."® No project is "too small" and we are eager to show Independent Filmmakers that we mean business when it comes to offering an alternative to the headache that dealing with a high budget payroll company can be.
What are the types of entertainment projects that ABS will provide entertainment payroll services for?
- Internet (New Media)
- Live Performances
- Music Videos
- Print Media
- Special Events
- Staff Payrolls
- Student Films
What is required to get started with ABS – how do I begin the entertainment payroll process?
Getting started with ABS Entertainment Payroll is quite simple. You can begin by filling out a "Request for Quote" form. Once it is received, we will then have an ABS representative contact you with all of the information necessary to get you going.
If you'd rather not fill out the form, you can simply call us and we'll be glad to take the information over the phone to discuss your entertainment payroll project.
Is the ABS Payroll Deposit the same as the SAG (or other union) Bond/Deposit?
The ABS Payroll deposit is NOT the same as the SAG bond which is collected by SAG prior to the start of a production. In other words and THIS IS REALLY IMPORTANT THAT YOU UNDERSTAND this concept:
You are actually "double-paying" your payroll in advance prior to any filming. THIS WILL AFFECT YOUR CASH FLOW SO TAKE THIS INFORMATION INTO ACCOUNT WHEN MAKING YOUR BUDGET OR GETTING FUNDS FROM YOUR INVESTORS!
Remember – you cannot use your SAG bond towards the actual payroll costs. That money will have to "sit there" for months after the production cycle is completed until SAG releases it. You have to have enough CASH funds to cover both the SAG bond PLUS the "real/actual" payroll.
The ABS Payroll Deposit is an initial deposit that we collect (prior to the start of production) based on an estimate of what the total cost of the payroll will be. This estimate is calculated off of the total amount of gross payroll a production company expects to payout to their employees during the course of their project.
In addition to the "gross" amount of the estimated payroll, the deposit also includes the Employer Payroll Taxes, Workers' Compensation Insurance, SAG (or other union) Pension and Welfare Contributions, and any processing and administrative fees.
The ABS Payroll Deposit is collected IN ADVANCE of production and the funds are used to pay the performers and crew members. This is called a "draw down" deposit. As the payrolls are paid out, we "draw down" from the available funds (similar to a bank account). If the funds become too low, we will request additional funds from the production company.
At the end of production, any unused funds are returned to the production company along with a closing statement.