Basically, a FSS contract is nothing buta “hunting license”– there is no guarantee the contractor will receive any orders. Granted, an FSS contract makes it easier for contracting officers to order a contractor's supplies or services. What is an FSS price? The Federal Supply Schedule (FSS)...
You are required to complete projects and assignments in a timely and satisfactory manner, according to stipulations in the contract, or you could face legal consequences. A typical non-contractual employee can quit her job at any time without incurring liability, but an independent contractor is l...
No single contract worker definition exists, and the term may be used interchangeably with the terms i_ndependent contractor, freelancer_ orwork-for-hire staffer.However, it's largely accepted that a contract employee is a person hired for a specific job at a specific rate of pay and, someti...
After completing the job, an independent contractor receives the entire amount of pay without tax deductions or other withholdings. At the end of the tax year, the company issues a federal 1099 form showing the worker's miscellaneous income earned. WiseGeek is dedicated to providing accurate and ...
A statutory employee is a worker who performs a job that a federal or state statute says can only be done by an employee. Workers who perform the types of jobs detailed in these statutes will be treated as employees for certain purposes, but not for others. Qualifying Occupations Under feder...
“However, each entity is a corporation requiring an annual federal income tax return, which is best prepared by a seasoned industry professional. As this industry is extremely specialized, and often board member volunteers do not have experience, or even a financial background, a qualified and ...
The job of an abatement contractor is absolutely important to a wide variety of renovation projects or maintenance initiatives. Any time that a hazardous substance needs to be dealt with, it’s important to have an experienced and qualified individual to help with disposing of the substance or ot...
What Every Government Contractor Should Know About the Labor Obligations Attached to Federal Stimulus FundsSiminoffIan W
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The income tax is by far the most important federal tax since it provides the government with the majority of the revenue it collects each year and without it the country could not prosper. Employment taxes may be lower in amount but a majority of you pay these too. These taxes support ...