California's New Payroll Rules Challenge Hollywood's Loan-Out Corporations

State policy changes could disrupt tax and retirement planning for entertainment industry workers using loan-out structures.

California EDD plans to enforce new payroll rules affecting loan-out corporations in Hollywood.
Changes will require creative professionals to be paid as individuals, impacting tax and retirement benefits.
IATSE and payroll providers urge affected workers to appeal the new policy within 30 days.
Industry concerns grow over potential financial liabilities from past income assessments.
The shift aligns with California's broader labor-friendly policies under Governor Gavin Newsom.