Why do companies use payroll services?Payroll management can be a complex and time-consuming task, especially in the event and production industry, where a large number of workers are hired on a temporary or project basis.
Why do companies use payroll services?
This is why many companies in the industry have turned to payroll services to help simplify the process and ensure compliance with tax and labor laws. In this blog post, we will explore why it is better to use payroll services for the event and production industry, including the non-union and union payroll services available for events.
Some events that may use payroll services:
- Fitness events, i.e. Ironman, Mudrun, Titan
- Races, competitions, triathlons
- Corporate events
- Sporting events
- Fashion shows
- And more!
Compliance with Tax and Labor Laws
One of the main benefits of using payroll services is that they ensure compliance with tax and labor laws. Companies in the event and production industry often hire workers on a temporary or project basis, and the regulations around this type of employment can be complex. This can be especially true when it comes to paying overtime, handling benefits, and processing taxes. By using a payroll service, companies can avoid costly penalties and ensure that all their employees receive the benefits and wages they are entitled to.
Payroll activities consist:
- record keeping
- new employee reporting
- check processing
- state and local tax compilation
- paying your employees on time
Managing payroll is a time-consuming task that can take up valuable time and resources for companies in the event and production industry. A payroll service can help to streamline the process, providing a one-stop-shop for payroll administration, tax filings, and compliance reporting. This helps businesses save time and focus on their core activities, such as planning and executing events and productions.
Accuracy and Transparency
Another benefit of using payroll services is that they provide accurate and transparent reporting. This helps companies in the event and production industry to keep track of their expenses, verify hours worked, and identify any potential errors or discrepancies. By having access to this information, companies can make better decisions about their staffing needs, identify areas of improvement, and ensure that they are operating efficiently.
Non-Union and Union Payroll Services
Payroll services also offer companies in the event and production industry the flexibility to choose between non-union and union payroll services, depending on their needs. Non-union payroll services offer a simple and cost-effective way to manage payroll for events and productions that do not require union labor. Union payroll services, on the other hand, provide specialized support for events that require union labor, including support for collective bargaining agreements, union benefit packages, and compliance with union regulations.
In conclusion, using payroll services can help companies in the event and production industry save time, ensure compliance with tax and labor laws, and provide accurate and transparent reporting. Whether you require non-union or union payroll services, there are many benefits to outsourcing your payroll administration, allowing you to focus on your core business activities. So, why not consider utilizing payroll services for your next event or production – outsourcing payroll can help simplify your business operations and ensure compliance with all regulatory requirements.
Request a quote HERE.
- Payroll for short term and long term events
- Payroll for part-time workers
- Payroll for short term and long term event or venue staff
- We specialize in event and production services
- Experienced Union payroll professionals
- Save time, reduce costs, ensure compliance with union and non-union regulations, and improve employee relations