Over the weekend, the recent crash and burn of the Axium payroll company has been the subject of many panic-stricken phone calls and late nights spent rocking back and forth talking to oneself while clutching a bottle of cheap whiskey.
For tax and unemployment insurance purposes, when we work, we are technically employees of the payroll company instead of the production company. This is not a bad thing – it cuts down on the tax-season paperwork (16 W 2 forms instead of 138) and reduces instances of in-house rubber checkitis (back in the bad old days of tiny shows run by fly-by-night production companies, one would pick up one’s check at the office and then drive like a bat out of hell to the production company’s bank to cash it while there were hopefully still funds in the account. When everyone started using payroll companies, the checks, when they eventually arrived, were usually good).
Although I read the LA Times articles about Axium folding, I didn’t think much about it until this weekend, when we found out that they haven’t been paying the tax contributions on paychecks for “months and months”. Needless to say, these contributions were withheld from checks, but the money somehow just…disappeared.
As of right now, there’s some debate about if they’ve paid into the pension and health fund.
Did I mention that over half my work (and thus, over half my pay) last year was with companies that used Axium? Including the movie that I was on for months?
Which means, that although the taxes were deducted from my checks, as of right now there’s no way to know if I fall into the happy group who had the deducted monies actually paid to the gub’mint. Since I doubt the IRS cares that I had the money deducted, they’ll probably make me pay twice.
‘Cause that’s how the IRS rolls.
No one has exact numbers yet, so I’m desperately hoping to just get a little bit fucked instead of utterly and completely screwed sideways with sand in the Vaseline.
Great. Just my luck I’ll have to write the IRS a check right when I haven’t been working in months.