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Cast & Crew Payroll Service Explains Why It Raised Alarm on Loan Outs: ‘There’s Very Severe Stakes Here’
Cast & Crew, the payroll company that raised alarms about California's treatment of loan out companies, explains its position.
Last week, Cast & Crew put out a warning that the California Employment Development Department was attempting to “invalidate the use of loan-outs” — a common structure by which entertainment professionals get paid. Ross Agre, the chief legal officer at Cast & Crew, said Tuesday that the audit involves one of its payroll entities and affects about 2,000 loan out companies. The administrative law judge ruled that the 2,000 loan out companies affected by the audit would be sent notices, giving them an opportunity to challenge the EDD’s assessment.
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