Embroker helps you get wrap-up insurance packages to provide general liability protection for not only the owners of construction projects but also the contractors and subcontractors that are involved in the pr
Findings: This study developed an extended TPB model to explain the contractors' intention formation. The results indicated that the insurance purchasing intention was mainly influenced by attitudes and subjective norm, rather than perceived behavioral control. The analyses also revealed that the added ...
What are subcontractors, and how do they differ from contractors?Subcontractors are independent workers hired by contractors to complete specific tasks, whereas contractors work directly with clients. Do subcontractors need to have their own insurance?Yes, subcontractors should have liability insurance and...
They consist of federal income tax, Federal Insurance Contributions Act (FICA) tax (Medicare and Social Security) and state income tax. To file them correctly, you need to know the work status of your employees.If you hire independent contractors, you usually don’t have to withhold income ...
it’s typically required to report those payments onForm 1099-NEC. The IRS calls this nonemployment compensation, and it covers a broad swath of freelancers, gig workers, and independent contractors. This document informs the IRS not only about income but also that you did not have income tax...
Team members who work in a Micron cleanroom are required to wear smocks to keep the manufacturing environment sterile. After years of having to sit down to put on the two-piece, bottom-up smock, Chong used his ingenuity to identify a new top-down smock design that made the dressing ...
As an employer, you do not have tax liabilities when working with independent contractors or freelancers. Contract workers are required to pay their own taxes on a quarterly or annual basis. Paid time off (PTO) Keeping a PTO liability account offers more benefits than just knowing when your em...
However, this also means that they must be knowledgeable in project management, budgeting, and the specific skills required for their field. It is crucial for contractors to maintain a strong network and reputation for quality work and timely completion to secure future projects and maintain steady...
Payroll Expenses for Contractors How to Calculate Payroll Expenses Key Takeaways What are employer payroll expenses? These are the expenses you pay as a business owner for your employees. There are two kinds to consider. First, you have the expenses that are deducted from your employee wages. ...
Similarly, when you hire independent contractors, employers are not required to follow state and federal regulations for employee benefits. The distinction between a W-2 employee and a 1099 contractor means that an independent contractor must put aside a portion of their clients’ payments for ...