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IRS Aid to Help Victims of Chinese Drywall

Construction Law Monitor

Just last week the Internal Revenue Service (IRS) announced a plan to help homeowners who have corrosive Chinese Drywall in their home with tax breaks on items that have been destroyed as a result of the Drywall. You cannot make a claim that has been paid for by insurance or reimbursed by another source.

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When Being A Licensed Contractor Is Just Not Enough!

Contractor Bookkeeping

When you hire 1099 contractors you need to know that their state contractor’s license, bond and insurance are active. During audits states agencies are now looking to check about the bond and insurance. Did you send your liability insurance payment in late? When a being a licensed contractor is just not enough!

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Limbach wins workers comp risk management award | Best.

Contractor Magazine

IR Cameras. ” The award program is sponsored by the National Council on Compensation Insurance and spotlights organizations for their outstanding approach to workers’ compensation risk mitigation. Hydronics Hydronics Systems. Radiant Heating. Green Geothermal. Green Mechanical Awards. Bath/Kitchen Faucets.

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New Hampshire Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

In exchange for the contribution, a company can take 75% of the donation as a tax credit on its BET, BPT or insurance premium tax. The amount of the credit is the lesser of 10% of the business’s qualified manufacturing research and development expenditures (as defined by the IRS), capped at $50,000 in any one year. .

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#97:  DOL's New Independent Contractor Regulation

NH Construction Law

and the common law, focused on traditional agency concepts, yet another. Some of these tests are quite restrictive, making it difficult to classify a worker as an independent contractor On January 6, 2021, the U.S. .”

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State by State Incentives Guide

Buisness Facilities Contributed Content

The exceptions are for financial institutions, financial institution groups, and insurance companies that have a maximum business privilege tax of $3,000,000. This credit can also be claimed against the insurance premium tax, the oil and gas production and property taxes, the fisheries business and landing taxes, and the mining license tax.

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

CORPORATE BUSINESS TAX EXEMPTIONS: Available for: All insurance companies, Connecticut incorporated and non-Connecticut incorporated. Corporate income, insurance premium and sales and use taxes for certain banks, insurers and investment companies locating in the Hartford Financial Service Export Zone that conduct all business with non-U.S.

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