CBS Billing Issue

[Vince Becquiot]

I agree in principle, but you should setup a corporation ASAP.

There are many other advantage, including protecting yourself from liability lawsuits and let the corporation take the burden instead(not a perfect solution but it helps greatly).

I think they are mostly trying to avoid paperwork doing it this way. Everything is handled by their payroll company and all they have to do is send in your hours.

And again, the IRS doesn’t like to see many “subcontractors” listed on tax returns for regular jobs…

Vince Becquiot

Kaptis Studios
San Francisco – Bay Area

[Bill Paris]

Vince,

Thanks for your input, I will definitely be changing over to a S-Corp asap for the reasons you mentioned.

Received some additional feedback from CBS this morning telling me that the reason they have to pay this way is because of a IRS law stating that they can’t “rent” equipment from employees without including the “rental” as additional income/wages. Once I change over to a s-corp, I can bill for the gear separately since the equipment is owned by the corp and not the employee.

Thanks for all your thoughts and comments!

Bill Paris
Producer/Director of Photography
Crew Hawaii Television
http://www.crewhawaii.com