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January 8, 2008

Does your payroll check say Axium or Avalon on it?

axium_bankrupt.jpg

If you are employed in the entertainment industry in this town then it's likely that you have gotten paid at some point though Axium-Avalon Payroll services. Over the last 10 years they have been the payroll service for almost every job I have had. Including my current company.

They went into 'Emergency Bankruptcy' today. This is very bad for a lot of people.

So if you are paid through them it's time to ask HR who is going to pay you this week?
Lots of questions are flying around like who is going to get you your W-2, how about your 401K contributions? Oh and what happens if you have a check from last week that has not been deposited yet? Did they give the IRS my withholdings for the year?

I don't know, but I sure would like to find out.

Their are rumors that the IRS is involved with the shutdown but that has not been confirmed. The IRS issued a 'No Comment'. The accounts at Axium are frozen, the people who work their have not been paid. It's a bad situation all around. News is still coming in, we will keep you updated. Good luck out there.

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