A sole proprietor may hire employees or contractors. But any work done by an employee of a sole proprietorship is still legally bound to the proprietor—the proprietor assumes all liability for business functions, including those performed by an employee or contractor. And you’ll have to pay ...
there is code in the CreateChildControls method of the field control class that initializes the RadioButtonList control from the RendingTemplate that adds items for contractors and interns only when it sees that the user has set the values for the associated custom property fields to tru...
The user has the option of choosing to include or exclude choice values for adding list items that are contractors or interns. Figure 7 Custom Property Fields XML Copy <FieldType> <Field Name="TypeName">EmployeeStatus</Field> <Field Name="ParentType">Text</Field> <!—other Field elements...
Investors andindependent contractorsare exempt from withholding taxes but are required to pay quarterlyestimated tax.13If these classes of taxpayers fall behind, they can become liable tobackup withholding, which is a higher rate of tax withholding set at 24%.14 ...
Businesses also pay income taxes on their earnings; the IRS taxes income from corporations, partnerships, self-employed contractors, and small businesses.6 Depending on the business structure, the corporation, its owners, or shareholders report their business income and then deduct their operating and...
Arkansas (City of Marion, AR) Contractor License Bond City of Marion Marion Apply Arkansas Coin Operated Cigaretter Machine Operators Bond Tobacco Control Board Little Rock Apply Arkansas Combative Sports Bond Arkansas Athletic Commission Little Rock Apply Arkansas Contractor's Bonds Contractors Licensi...
On the business operations side, contractors and consultants may have unique reporting responsibilities. Trade partners may have their own set of reports for their business, while the General Contractor acts as the main aggregator of the reports. Specific consultants, such as quantity surveyors, may ...
Whether it's your virtual assistant, your part-time bookkeeper, or the person you hired to help with a special project, independent contractors may have access to information that you don't want to be made public. Like an employee NDA, anindependent contractor NDAcan help keep business informa...
The risks associated with a lump sum method of contract delivery include the risk of cost overruns by the contractors, both general and subcontractors, as well as the supplier, price escalation associated with materials and labor, scheduling problems, problems with subcontractor...
Turning over employment taxes to the IRS is part of that. Consider these tips for keeping your books and payments to the IRS above board: Clarity: Classify and onboard employees properly. Misclassification of employees as contractors who are operating as employees is a quick tip-off that there...