Tag: Definition of a Subcontractor
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Subcontractor Documentation
Similar to documentation required for hiring an employee, companies must acquire certain documentation from their subcontractors.
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Using Cash in Construction
There is a notion in business that using cash to pay for materials or service is illegal. IT IS NOT ILLEGAL TO PAY FOR MATERIALS OR SERVICE WITH CASH. It is illegal to do this if you do not properly document the transaction.
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The Definition of the Different Types of Residential Contractors
There are about a half a dozen types of residential contractors. Each has a different function and goal, this article describes the different types of residential contractors and provides guidance to the reader in understanding the corresponding definition.
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The 1099 Subcontractor
The Internal Revenue Service promulgates rules and regulations concerning the employment status of workers. In general, workers are classed as W-2 employees and certain tests must be met to have the worker classed as a 1099 subcontractor. All 1099 subcontractors should be issued a Form 1099 in January of each year for the prior calendar year of…