When net 90 kills creativity, you need to pay contractors quicker and easier

Internal processes, red tape, and backlogged accounting departments make it hard to get checks in the mail. We definitely understand. Unfortunately, your corporate freelance payment policy might prevent you from working with the best people.

Paying contractors on time is good for you, too

We know: keeping people happy can be a pain the arse. But it’s good for you, too! Top contractors get booked quickly. When you pay contractors quickly, they’re more likely to answer your calls and ramp up your projects in a short amount of time. For busy department heads with big projects and short turnaround times, there’s nothing better than diving right in with tried and true creative partners. Saving time, money, and hassle by working with people who just get what you’re looking for is priceless.  Paying later than your competition can get you blacklisted or moved to the bottom of a contractor’s long to do list.

And if the benefits to you aren’t enough, think about it from their perspective. Freelancers single-handedly juggle creative work, billing, marketing, and more. That means the person who sees your invoice in their red column is the same one you’re expecting to bring their all to your next project. What seems like an insignificant to a big company can have a major effect on a small business’ cash flow.

 

Don’t be a hoarder

According to a Wall Street Journal article, many large companies are “hoarding cash” and “squeezing small businesses” to increase their own bottom lines. Don’t be that guy. Not only does it add pressure to those you work with, it’s just not ethical. You may justify it by saying it’s not as bad as the latest headline maker’s illegal and greedy ways, but shady practices of any degree have no place in your business.

 

The bottom line

Paying contractors quickly is worth the investment. If it’s not feasible to transform your internal process, get a partner involved. You get the peace of mind of knowing that you’ll always be in good standing with contractors. It pays to hire someone with systems in place.

Hiring contractors is a beautiful thing: It gives you a fresh perspective and talent without having to bring on full-time team members. Just make sure you do it right. Going from Net 90 to Net Now will save you time, keep you in good standing with contractors, and ensure you can feel good about the way you do business. Rather than trying to save Benjamins up front, take Benjamin Franklin’s advice and “Wrong none by doing injuries, or omitting the benefits that are your duty.”

 

About PayReel

Producing multimedia content and executing live events is chaotic. At PayReel, we make sure our clients are able to hire who they want, when they want and that everyone is paid properly. Leave the details up to the PayReel team so you can focus on pulling off a flawless production. Contact us anytime at 303-526-4900 or by emailing us here.

Relax. We got it.

 

Meet the team: Crystal Somers, The Ambassador

While our online payroll systems make our clients’ and employees’ lives easier, there’s simply no replacement for the real live people behind the scenes. We are proud to have a stellar team, including Crystal Somers, our Client Experience Manager (also known as The Ambassador). If you haven’t already experienced Crystal’s stellar customer service yourself, you may end up wanting to call just to get to know her more.

 

Tell me more about Crystal (aka the Ambassador)

When Crystal isn’t keeping track of everything in her busy life from minimum wage changes to 6 siblings in different states, our Florida girl enjoys spending time with her fur baby, Vito. Crystal’s strong customer service skills come from life. She says dealing with a big family helped her learn how to handle different personalities, age levels, and backgrounds. That serves her well at PayReel, both with the internal team and with those in the field. In the office, we love Crystal because she’s always willing to help, whether it be with her team’s events, or with taking group walks to keep everyone healthy! Employees love her because she is super responsive to their needs and helpful when questions arise.

We’ll keep profiling the team in upcoming posts so stay tuned!

 

The bottom line

PayReel’s real team of real people is here for you. We provide personal service and work hard to make sure clients enjoy easy onboarding and and employees get paid quickly and accurately. Go ahead, give us a shot!  You can call us anytime at 303.526.4900 or reach us by email at info@payreel.com.  We look forward to hearing from you.

 

About PayReel

At PayReel, we minimize the time and effort it takes to get you ready for your project, make sure you get paid quick and easy, and have customer service agents on call around the clock to answer your questions. The PayReel team makes event and corporate payroll easier, faster, and seamless.

The next time you work an event or a production, tell your supervisor you love working with the PayReel team!

 

 

Misclassification in the news: What you need to know

While the workforce has plenty of people legitimately doing contract work, when employees are misclassified as contractors, the worker and the government are both likely to miss out. The government loses potential tax dollars and workers lose out on benefits and more. Employers should care about it, too (and not just because the legal stakes are high). It’s about more than the bottom line.

Below are some recent headlines about the evolving workforce and its related consequences:

 

Misclassification in the news: The headlines

North Carolina Governor Signs Law Creating Division to Investigate and Prosecute Employee Misclassification Claims

Highlight: While the federal government has had employee misclassification in its sights for a while, states are now getting in on the game to add heat to errant companies.

March 2017 Independent Contractor Misclassification and Compliance News Update

Highlight: extensively covers recent and current misclassification lawsuits.

New Case Shows That “Uber-ization” of Workforce Could Lead to Misclassification Challenge Highlight: discusses the challenge of determining what an independent contractor is when gray areas in the gig-like aspects of their work exist.

Gig economy creates legal puzzles for the courts

Highlight: discusses what we know about the interests of all parties as well as possible reforms (including the possibility of adding a third worker definition). 

 

Enter PayReel

The way we work and manage businesses are both evolving as contract work increases with the gig economy. With that comes growing pains and litigation. Worker classification is an increasingly sticky subject (Gorilla Glue status, perhaps?) and one we’ve covered extensively (see more posts on the subject here).

If the topic of misclassification makes you sweat, give us a call and we’ll be happy to help. Partners who make your life easier are worth the investment. A payroll service may be right for those who don’t have the bandwidth or interest in digging into the legalese. PayReel manages payroll taxes and, as the employer of record, takes on all risk associated with a variable workforce. Think you might benefit from hiring a payroll service? Here’s a handy guide to find out more.

About PayReel

Producing multimedia content and executing live events is chaotic. When it comes to event payroll, payroll taxes, and so much more, PayReel makes your life easier. We make sure our clients are able to hire who they want, when they want and see that everyone is paid properly. Leave all payroll services and details up to the PayReel team so you can focus on pulling off a flawless production. Contact us anytime at 303-526-4900 or email us.

Relax. We got it.

 

Meet the team: Michelle Bowersox, Operations Team Leader

At PayReel, we keep things running smoothly with one of the easiest-to-use online payroll systems around. But it’s important to us that technology serves as a complement to the human touch, not the other way around. Somewhere behind all your on-time paychecks are the real people we are proud to have on our team. One of those is Michelle Bowersox, our Payroll Team Leader (also known as The Problem Solver).

 

Tell me more about Michelle

You can find Michelle spending time in the beautiful Rocky Mountains in the summer, buying salt water taffy for her PayReel / Crew Connection team, or rooting on her Denver Broncos during football season. A true Colorado native, Michelle also enjoys learning more about her state’s history and spending time with her husband of 25 years and her daughter Cassie. Along with playing Mama Bear to the CCPR team, Michelle also plays Mama to three fur babies—Glitter, JD, and Dakota. In the CCPR house, we love Michelle because she cares about the employees as if they were her own family.

We’ll keep profiling the team in upcoming posts so stay tuned!

 

The bottom line

The team at PayReel is a true team of real people and we’re here for you. We provide personal service and work hard to make sure clients enjoy easy onboarding and and employees get paid quickly and accurately. Go ahead, give us a shot!  You can call us anytime at 303.526.4900 or reach us by email at info@payreel.com.  We look forward to hearing from you.

 

About PayReel

At PayReel, we minimize the time and effort it takes to get you ready for your project, make sure you get paid quick and easy, and have customer service agents on call around the clock to answer your questions. The PayReel team makes event and corporate payroll easier, faster, and seamless.

The next time you work an event or a production, tell your supervisor you love working with the PayReel team!

 

 

How to simplify onboarding your freelancers

How much time are you spending setting up your freelancers?

If the answer is too much, then maybe it’s time to reconsider your methods. Let PayReel handle onboarding paperwork so you can spend your time and energy on the creative parts of your projects instead.

 

So what’s the problem?

Worker classification: One of the most difficult things about setting up your workforce is worker classification. That’s why we cover the topic extensively on our blog. While you may be able to answer who’s a strong worker and who might need a little bit of help, the worker classification discussion brings a lot more to the table than a black-and-white answer—especially now with the Department of Labor cracking down on worker classification errors. If the words exempt, non-exempt, W-2, and 1099 make your head spin, we can help with that.

Paying accurately: Another trick that comes into play when hiring your workforce is making sure you’re paying them accurately (we’re looking at you, minimum wage and overtime!) and in a timely manner. Did you know that some states have strict pay deadlines for specific types of employees? We know, and our team works hard to stay on top of the ever-changing wage laws at the federal, state, and local levels.

Payroll taxes: If taxes only cross your mind on or around April 15th, do the IRS (and yourself) a favor, and stop. Did you know that, along with differing wage laws, some states and localities require a different taxation method than the federal government does? It’s true. Here’s where we stress (and the only time we stress), we got it. Our team stays well versed in local, state, and ever-changing federal tax methods and laws to make sure the employee is happy, you’re happy, and of course, the IRS is happy.

 

Enter PayReel

If one, two, or all three of the points above make you sweat, give us a call and we’ll be happy to help manage your events, employees, and all the behind-the-scenes paperwork that comes with it.

About PayReel

Producing multimedia content and executing live events is chaotic. When it comes to event payroll, payroll taxes, and so much more, PayReel makes your life easier. We make sure our clients are able to hire who they want, when they want and see that everyone is paid properly. Leave all payroll services and details up to the PayReel team so you can focus on pulling off a flawless production. Contact us anytime at 303-526-4900 or email us.

Relax. We got it.

About the author

Nat's notes

PayReel Customer Experience Manager Natalie “The Go Getter” McGinnis is an avid fan of sports and labor laws alike. Her experience in recruitment, customer service, and ongoing HR education give her the tools to provide laser-focused attention and assistance to the PayReel employees and clients who need it most. Click here to read more of Nat’s Notes then meet the rest of the PayReel team!

 

 

 

Is there something you need to tell us?

Keep in mind that anytime you move, change your phone number or email address, or have an update to your tax status, it’s important to keep your profile with PayReel updated. That way, we can keep you paid. 

 

How do I update my profile?

Submit any changes to your profile (address, tax status, direct deposit information, email address, phone number, oh my!) at any time. You can update your digits or submit nearly any change through your online portal, through the ‘Contact Us’ option on the website, or you can contact your account manager directly at 303-526-4900.

 

Where does my information go?

Don’t worry, your information won’t get lost in cyberspace—or worse, someone else’s hands. Our system is as secure as it is convenient. At PayReel, we pride ourselves on having that perfect mix of convenient automation and personal service from real, live humans. Excellent service from excellent humans.

Meet the whole team here (we’ll also be profiling them in upcoming newsletters so stay tuned!).

 

The bottom line

Keep us updated on life changes so we can keep you paid in the quick manner you’ve learned to expect from us. Help us help you.

 

About PayReel

At PayReel, we minimize the time and effort it takes to get you ready for your project, make sure you get paid quick and easy, and have customer service agents on call around the clock to answer your questions. All you have to do is call 303-526-4900 or email us. The PayReel team make event payroll easier, faster, and seamless.

The next time you work an event or a production, tell your supervisor you love working with the PayReel team!

 

 

Are you an independent contractor? Be sure you know your rights

Like many employers, the United States Department of Labor (DOL) has independent contractors (ICs) on the mind. And for good reason: They’re taking over the world! Or at least the world economy. ICs now make up 34% of the national economy and the trend is increasing internationally, too.

To that end, the US DOL has put out a list of resources for ICs. It covers on-the-job safety, benefits, workers’ rights, taxes, and more. This is especially helpful since best practices are constantly evolving and being defined/redefined.

Check out the site for more information on the following:

 

Questions about misclassification

As Uber’s tumultuous journey demonstrates, classification is a hot topic for everyone from the government to businesses. With their bottom line to watch out for and fines to protect themselves from, employers are wondering when and how to set up an independent contractor rather than an employee. For its part, the government has tax dollars on the line and workers to protect. And workers? Well they’re watching their pocketbooks, too. With that much at stake, no wonder it’s a hot topic. The DOL covers the topic in depth here.

 

Workers’ rights

Whether you’re wondering about safety on the job, health care and retirement benefits, or discrimination, you’ll find the deets here, too.

 

The bottom line

It’s a complicated subject, but whatever you’re wondering, the DOL is a good place to start. Still have questions? Follow our blog for more information on topics such as evolving labor lawscomplianceworker classification, and more. We’ll keep you up to date and equipped to avoid common pitfalls.

 

About PayReel

At PayReel, we minimize the time and effort it takes to get you ready for your project, make sure you get paid quick and easy, and have customer service agents on call around the clock to answer your questions. All you have to do is call 303-526-4900 or email us. The PayReel team make event payroll easier, faster, and seamless.

The next time you work an event or a production, tell your supervisor you love working with the PayReel team!

 

 

Our in-house HR specialist works hard to keep businesses compliant

Angie—our in-house HR specialist and newest member of the PayReel team—stays ahead of the game to ensure PayReel keeps our clients compliant. Keeping on top of the ins and outs of compliance is hard, time-consuming, high-stakes work. Isn’t it nice to know you have someone in your corner to keep your payroll services running smoothly and accurately?

 

Legal headaches handled

PayReel keeps up with ever-changing contractor/freelancer payment and compliance regulations. Angie makes sure our team knows the latest so they can keep our clients ahead of the game.

The benefits the PayReel team provides on the legal front are:

  • Mitigating compliance risks
  • Making sure we (both PayReel and our clients) are compliant
  • Educating clients on practices that could compromise them
  • Tracking benefits eligibility
  • Tracking changes in minimum wage and sick leave policies in each state
  • Answering questions, including whether or not you can pay once a month or fill timesheets out ahead of time. Hint: you can’t.

 

Quick and accurate payment

Beyond compliance, PayReel makes payroll services a breeze for clients. Payroll will be the easiest part of your day with PayReel’s full range of services:

  • Online management: Employees log hours and supervisors approve them—all online. No need for paperwork here.
  • Fast payment: Employees submit time cards by end of business on Monday,  the supervisor approves them, PayReel pays on Friday. It’s that easy.
  • Overtime tracking: PayReel keeps up with hours to make sure employees get paid accurately.
  • Education: PayReel supports clients in educating employees on overtime policies so they don’t make a habit of working overtime without getting prior approval.
  • Benefits eligibility: The PayReel team makes sure clients know when employees become eligible for benefits.

 

The bottom line

Everyone from Uber to Minor League Baseball is trying to figure out labor laws and fair pay. The gig economy and the worker classification challenges it brings to the forefront are top-of-mind topics for the government, employers, and employees alike.

Angie knows the biz and the people in the biz. If she hears about a possible change, she researches it and takes the necessary steps. She also reads forums like a boss—watching for changes on LegalWATCH and similar resources. Angie stays up to date on payroll regulations and works with the PayReel team to assist you in navigating the increasingly complicated waters of payroll services.

The PayReel team is on top of it—making sure we’re following all regulations, rules, and federal and state laws. For example, we carefully reviewed IC contracts when New York enacted its Freelance Isn’t Free Act.

In a nutshell: We stay ahead of the curve so our clients never even have to think about payroll services and compliance.

 

About PayReel

Producing multimedia content and executing live events is chaotic. When it comes to event payroll, payroll taxes, and so much more, PayReel makes your life easier. We make sure our clients are able to hire who they want, when they want and see that everyone is paid properly. Leave all payroll services and details up to the PayReel team so you can focus on pulling off a flawless production. Contact us anytime at 303-526-4900 or email us here.

Relax. We got it.

 

About Angie:

Angie Aragon, PayReel’s in-house HR specialist, joined the PayReel team in early 2017. Her experience in human resources, risk management, and compliance gives her the tools to provide laser-focused attention and assistance to the PayReel employees who need it most. Meet the rest of the PayReel team by clicking here!

 

Introducing Angie: Our in-house HR specialist

Working live events can be chaotic and challenging. It’s nice to know you have someone in your corner. Angie, our in-house HR specialist and the newest member of the PayReel team helps us ensure our employees (like you!) get paid timely and accurately.

Quick and accurate payment

You submit timecards by end of business on Monday; your supervisor approves them; you get paid on Friday. It’s that easy.

And, of course, if you work overtime—you get paid for overtime. The PayReel team also makes sure you know when you become eligible for benefits.

No legal loopholes here

We’re not looking for a way around paying our employees fairly. We want you to get what you’ve earned. That’s why PayReel takes a proactive approach to staying on top of changing rules and regulations on both state and federal levels. Our in-house HR specialist Angie stays on top of industry news and changes to ensure compliance. At the first hint of a change, Angie works with the rest of the PayReel team to make the necessary adjustments quickly—with no extra work needed from you.

PayReel keeps up with ever-changing contractor and freelancer payment and compliance regulations with both internal conversations and external practices. You never even have to think about it.

The bottom line

Everyone from Uber to minor league baseball is trying to figure out labor laws and fair pay. The gig economy and the worker classification challenges it brings to the forefront are top-of-mind topics for the government, employers, and employees alike.

Our HR specialist Angie stays up to date on payroll regulations and works with the PayReel team to assist you in navigating the increasingly complicated waters of payroll.

About PayReel

At PayReel, we minimize the time and effort it takes to get you ready for your project, make sure you get paid quick and easy, and have customer service agents on call around the clock to answer your questions. All you have to do is call 303-526-4900 or email us here. Angie and the PayReel team make event payroll easier, faster, and seamless.

The next time you work an event or a production, tell your supervisor you love working with the PayReel team!

About Angie: 

Angie Aragon, PayReel’s in-house HR specialist, joined the PayReel team in early 2017. Her experience in human resources, risk management, and compliance gives her the tools to provide laser-focused attention and assistance to the PayReel employees who need it most. Meet the rest of the PayReel team by clicking here!

When America’s pastime and labor laws collide

Unpaid training. Unpaid overtime. A $25 stipend for an entire day spent in a city you don’t live in. If that sounds great to you and you know your way around a baseball diamond, head on over to your city’s minor league baseball team. You’d be a great fit.

We’re not talking about the guys in the majors whom you watch on TV. They make six figures per year on average. We’re talking about Minor League Baseball (MiLB) players who forego payment for training, overtime, and even mandatory events—often making under the IRS-defined poverty line of $12,060/year for a one person household.

 

Hold up. How is this happening?

If you’re having trouble believing me, you’re not alone.

In a piece for ESPN advocating for higher wages, Tony Blengino, a former assistant to the GM for the Mariners, says a first-year professional can expect to make a little over $1,000 pre tax every month. While other industries may point to thin profit margins as an excuse for low wages, professional baseball doesn’t fit the bill. Recent evaluation puts the average major league team’s worth at $1.54 billion.

That’s why a group of former minor leaguers are waging a class action lawsuit against Major League Baseball, who maintains that MiLB players are akin to hourly workers. The suit cites unfair wages and unjust labor practices according to the Fair Labor Standards Act. Of the 2,200 players currently involved in the class action lawsuit, most are inactive. Kyle Johnson, one of the few active members, said players fear being blackballed and unable to get a gig in the future.

The Major League Baseball Player’s Association (MLBPA) protects major league players against low salaries and unfair labor standards. However, this protection only applies to players currently on the team’s 40-man roster. Until MiLB players unionize, many keep quiet and hope they make it to the majors quickly. They choose to endure rather than potentially lose a shot at their dream.

 

So what does it all mean?

Baseball is only one of many industries figuring out labor laws and fair pay. Uber’s recent struggles show the gig economy and the worker classification challenges it brings to the forefront are top-of-mind topics for the government and employers alike. While some workers wait for the government to adjust labor laws and employers to fall in line, others (like the minor leaguers involved in current litigation) take the matter into their own hands. Stay in tune with the conversation to know your rights and navigate the increasingly complicated waters of the American economy.

 

About PayReel

Producing multimedia content and executing live events is chaotic—and working them is even more so! At PayReel, we minimize the time and effort it takes to get you ready for your project, make sure you get paid quick and easy, and have customer service agents on call around the clock to answer your questions at 303-526-4900 or by emailing us here.

 

The next time you work an event or a production, tell your supervisor you love working with the PayReel team!

 

Nat's notes

About the author

PayReel Customer Experience Manager Natalie “The Go Getter” McGinnis is an avid sports and labor law fan alike. Her experience in recruitment, customer service, and ongoing HR education give her the tools to provide laser-focused attention and assistance to the PayReel employees and clients who need it most. Click here to read more of Nat’s Notes and meet the rest of the PayReel team by clicking here!