Tag Archives: AB5

Free workshop on AB5 and Tax Reform laws

FREE WORKSHOP for musicians, actors, & everyone in entertainment

Monday, March 2 – 6:30-8:30 p.m.

The Actors Fund, 1st Floor SAG-AFTRA Cagney Room
5757 Wilshire Blvd, Los Angeles CA 90036

Make sure you understand both the potential impact of California’s new AB5 law and new Tax Reform laws. We’ll discuss the pros AND cons of incorporation, and help you ensure that you’re prepared to file your 2019 returns!

Co-sponsored by The Actors Fund and SAG-AFTRA, this FREE workshop is for EVERYONE (not just actors…) in entertainment. It will be moderated by Miata Edoga, National Financial Wellness Consultant for The Actors Fund, and Ronnie Steadman, Enrolled Agent with the IRS. Ronnie has over a decade of experience handling personal and corporate returns for entertainment professionals.

AB5 Update

Originally posted December 31, 2019 by AFM Local 47 President John Acosta [johncoz2022]:

Many of you may now have heard of California legislation AB5 which was created to ensure that most workers in California are classified as employees, not independent contractors. Introduced by California Assemblymember Lorena Gonzalez, AB5 was created to incorporate the Dynamex ruling, which was a California Supreme Court decision from last year, into state law. That decision limited an employer’s ability to classify certain types of workers as independent contractors. Some members have asked if this new law will negatively impact the practice of using loan out companies as a way of ensuring fair tax treatment for our members. It is our view that AB5 will have no impact on the use of loan outs. AFM Local 47 along with DGA, WGA, IATSE and SAG-AFTRA have done exhaustive due diligence with counsel to come to this conclusion.

Continue reading →

AB5: What it means for musicians

A message from RMALA:

We have been hearing about concern in the community about potential effects of AB5, the recently passed California legislation that is on track for our Governor’s signature.

AB5 was created in Sacramento to implement a California Supreme Court decision from last year, the Dynamex ruling, in which a unanimous court limited the ability to classify some workers as independent contractors. AB5 was essentially created to carve some exemptions out from the ruling, not to add classifications. So, doctors, plumbers, private tutors and some others are being exempted from the court ruling by AB5. Continue reading →