A production would use an outsourced payroll service for many reasons and it really depends on you, your resources, liability exposure, and what is important to you to determine what best fits your production.
Are you just looking for someone to cut the checks (check cutting service, accountant, or in-house payroll dept)? If so, your production will retain the liability for all labor laws surrounding your payroll processing, payroll taxes, workers’ compensation, unemployment insurance and pension reporting, to list a few.
However, if you are worried about experienced or limited resources, or want to remove the liability associated with payroll processing, payroll taxes, workers’ compensation, unemployment insurance and pension reporting, then you use a paymaster, like NPI, and utilize the Employer of Record service.
All of these determine what service your production would choose: whether a paymaster like NPI, or a pay check cutting service, accountant, or in-house payroll dept.
The service NPI offers is for all size productions. Generally any production regardless of size will see a cost effective benefit in using NPI because typically production resources are limited in the area of payroll processing and tax filings. If you lack the expertise in applicable federal and state labor laws, union contracts processing and payments, tax processing and submissions, workers compensation claims and audits, unemployment claims and audits and W2 processing, you are more likely to find yourself owing tax or union penalties, dragged into the middle of an IRS audit or worse, a lawsuit.
The releasing of your liability is enough of a reason for any production to utilize the “employer of record service” NPI offers. An experienced paymaster like NPI provides expertise in all of these areas AND also retains the liability. Many productions will call NPI after attempting to process payroll themselves and the first question is “I tried to do this myself and I need help. Can you help me?” Of course we can help, and we do!!
The most striking benefit NPI offers to our clients is the immediate and ongoing support we provide to you. This support ultimately reduces your overall cost and liability and is considered the most beneficial. NPI also offers you complete peace of mind – you are comfortable knowing that NPI is part of the process since you know everything will be handled correctly for you.
Our process is all inclusive and flexible. NPI will accommodate all types of productions – union and non union, any state, any circumstance, allowing you to focus on your project rather than concerning yourself with the liability of learning labor laws, workers’ compensation insurance, union contributions, reporting, payment and deductions, W2 reporting, unemployment claims, injury claims, and auditing. Additionally, the expertise of our staff and our “hand hold” approach means you are not “a number”. We know who you are when you call us!
Our clients have seen a reduction in their overall liability, time and cost and they view NPI as a vital part of their overall production support system. Bottom line, you need to figure out where your strengths and weaknesses are with regards to your accounting and payroll systems in order to make the most cost effective decision for your production. NPI is there to help you through this process, and we will help you decide on whether or not NPI is a good fit for you.
If this sounds like the right fit for you, please click below to get your free estimate, and you will be on your way to a hassle free production!