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    What You Need To Know Before Hiring Subcontractors

    Posted by Sharie DeHart on Tue, May 28, 2019

    In Construction, hiring Independent Contractors can get very expensive, very fast!

    The Internal Revenue has a defined set of rules on what is the difference between an "Independent Contractor" and "Employee". With all the documentation in place, a person could still be classified in the eyes of the Internal Revenue Service as an "Employee."

    When you hire 1099 contractors

    You need to know that their state contractor's license, bond, and insurance are active. During audits, state agencies are now looking to check the bond and insurance. Anytime a contractor's license is suspended, the State may reclassify that person as an employee on your job.

    Because all fifty states are working with other agencies looking to be sure employee rights are covered, and the state, local and federal payroll taxes are paid. As an employer among your responsibilities are these:

    • Pay workers’ compensation

    • Meet wage and hour requirements

    • Pay unemployment tax

    • Maintain a safe workplace



    Read More

    Topics: Contractors Bookkeeping Paperwork, Subcontractor 1099, QuickBooks For Contractors, Construction Bookkeeping, QuickBooks Construction Accounting, Taxes

    When Being A Licensed Contractor Is Not Enough!

    Posted by Sharie DeHart on Fri, Oct 14, 2016

    When You Hire A 1099 Contractor They May

    Actually Be Your Unplanned Employee!


    Read More

    Topics: 1099 Employee, Subcontractor 1099

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