March 5, 2017 3 Comments
Film Payroll accountants are a category that is never heard about outside of the film industry. A Film Payroll Accountant with a couple of years experience usually makes in the range of$2,000/Week. What does a Film Payroll Accountant need to know and how much demand is there for their services?
A PUBLISHED “WANTED AD’s” FOR FILM ACCOUNTANTS
There is one source that many studios, producers and production accountants use to find available film accountants, including film payroll accountants. It’s referred to as “Emily’s List”. Those who post there are Producers looking for various levels of film accountants to work across America, and even up into Canada. The internet address for Emily’s List is at http://www.ricegortonpictures.com/blog/
ALMOST 40% OF POSTS ARE FOR PAYROLL ACCOUNTANTS
I went through the last 100 listings or so, to see how many postings were for Payroll Accountants. I found that 4 out of 10 listings are for either a Film Payroll Accountant, or for a Film Payroll Clerk. That makes the other 6 out of 10 listings shared by Key Accountants, 1st Assistant Accountants, 2nd Assistant Accountants and File Clerks. Wow…. that proves to me that the Payroll Accountant is in demand.
NOT YOUR USUAL PAYROLL ACCOUNTANT
Film payroll accounting is all about knowing the union rules for cast (Screen Actors Guild), directors and assistant directors (Directors Guild of America), crew (IATSE) and drivers (Teamsters). The skill is derived from knowing how to calculate the “Gross Pay” – that is, the amount of gross pay after factoring in overtime, meal penalties and rest violations. The government and union withholdings and contributions are calculated and reported/remitted by the payroll service.
PRACTICE, PRACTICE and PRACTICE SOME MORE
So, the task becomes knowing how to calculate union gross payroll, and that’s all we do for 2 full days – right from beginning to end. You will be left with all of the reference material for SAG, DGA, IATSE Area Standards, and IATSE Low Budget Agreement, as well as on-line access to the full courses and materials for future reference. (A Michigan Teamster Agreement is reviewed at the end of the 2nd day; however, after doing the above it seems pretty simple).
The payroll workshop is over the weekend of May 20th and 21st, 2017 in Chicago.
Hope to see you there! (Note to all you CPA’s, this is a fun way to earn 16 CPE points!)
For more info you can check out my web site at http://www.filmaccounting.com/filmworkshops6.htm
Cheers / John