Contractor Bookkeeping

SEPTEMBER 25, 2013

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!

Contractors 49

Contractors Cash Flow Washington Compensation 49

Contractor Bookkeeping

JULY 30, 2014

The Seasoned Builder has processes in place for Bidding, tracking Certificate of Insurance , W9’s and making sure that a Specialty Contractor is paid only once for the work that is performed. This becomes a problem as tax liability is shared between partners. They work very hard to keep on top of the latest changes to the IRS Tax Code.

Accounting 49

Accounting Housing Construction Contractors 49

NH Construction Law

JANUARY 23, 2021

There is accordingly no universal standard, meaning that employers/hirers may face liabilities under one law and not under another. and the common law, focused on traditional agency concepts, yet another. Because only the Department of Labor’s interpretation of the FLSA is governed by the new rule, state laws are unaffected by it.

Regulation 40

Regulation Contractors Employment Boston 40

Buisness Facilities Contributed Content

APRIL 15, 2014

If a business entity invests in a qualifying project that meets certain requirements and is approved by the Alabama Department of Revenue, and maintains minimum annual requirements, the company may receive an annual credit against its income tax liability generated from the qualifying project. The minimum tax is $100.

Income 108

Income Finance Zoning Employment 108

Buisness Facilities Contributed Content

MARCH 21, 2014

It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years. The credit is 20 percent of the actual costs limited to the employer’s income tax liability.

Income 75

Income Finance Zoning Equipment 75

NH Construction Law

DECEMBER 29, 2022

If a vendor furnishes no W-9, the employer must withhold federal taxes from any payments, which will eventually let IRS weed out the violators. And it is foolhardy to hire an independent contractor who lacks liability insurance and workers’ compensation insurance – likewise difficult to procure without proper tax identification.

New Hampshire 40

New Hampshire Construction Employment Insurance 40