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What is an accounts receivable aging report used for in normal company operations?
It tells you how much you have invoiced but not yet been paid at a certain point in time. It's basically an indicator of how long it takes your vendors to pay their bill to you.
Why did I receive a 1099-MISC?
You usually recieve a 1099-MISC if you are an independent contractor. If you did a side project for a check, then the company does not take out the taxes, but you have to pay the tax on the project.
What happens if a company doesn't pay taxes?
The company is taken to court - and they either agree to pay up, or the company is dissolved.
Do you pay taxes on a 1099?
What is the minium amount of money for not paying taxes with a 1099? Does everyone pay regardless if they earn 5,000.00 or 15,000.00 even acting a an independent contractor.
How is current liability different from a long term liability?
Current liabilities are liabilities that the company will pay off in a short period of time, usually a year or less, such as accounts payable. Long term liabilities are liabilities that the company will pay off over a longer period of time, more than one year, these are things like Notes Payable.
As a private contractor I have worked an entire month and I have not been paid. How long can the company withhold my pay?
30 days
What is an accounts receivable aging report used for in normal company operations?
It tells you how much you have invoiced but not yet been paid at a certain point in time. It's basically an indicator of how long it takes your vendors to pay their bill to you.
What is account receivable aging report used for in normal company operation?
It tells you how much you have invoiced but not yet been paid at a certain point in time. It's basically an indicator of how long it takes your vendors to pay their bill to you.
Does a company have to pay garnishment for an independent contractor?
No, a company is not required to pay garnishment for an independent contractor. Garnishments typically apply to employees whose wages are subject to withholding. Independent contractors are considered self-employed, so any debt obligations, including garnishments, are the responsibility of the contractor, not the company hiring them.
What is recourse for homeowner whose insurance company paid contractor in full and contractor refuses to complete the job as agreed to with the insurance company?
Your contract with the tradesman is between "You and the Contractor", He did not contract with your insurance company. All the insurance company did is agree to pay the bill for you. So you would need to bring your own civil or criminal action against your contractor depending on the circumstances.
When an insurance company is dealing with a fire in your home how long would it take for the replacing of your home?
You will have to ask a Home Builder (Contractor) about how long it will take to rebuild your house. Your insurance company can usually resolve the claim portion withing 60 days. If you are having a disagreement with them then it could take longer. Your Homeowners Insurance company won't be rebuilding the house, they just pay the bill to whomever you choose to as the contractor to build the house for you.
How long does an employer have in TN to pay after termination if employee was an independent contractor?
18 months
Who does homeowners pay after a mold remediation?
You would need to pay the contractor that you hired to perform the mold remediation. So it depends on how you setup your contract with the remediation company. Some may bill the insurance company for you, others may bill you and then you seek funds from your insurer to pay the bill. Either way though the contract is between you and your contractor.
Why insurance very importance to contractor?
Accidents happen. When something goes wrong, people want someone to pay for their loss. You can either pay using YOUR money or can use the insurance company 's money. This is why insurance is important to a contractor.
How does a sub contractor in Nevada get paid by general contractor?
If the general contractor refuses to pay, you must sue the contractor for payment. You may also sue his bonding company, if he has one. If your dispute exceeds small claims, see a real estate attorney right away.
What services are offered by the Contractor Umbrella Company?
In the UK, an Umbrella Company, acts as an employer to agency contractors working under fixed term assignment. They issue contracts to limited companies, invoices to recruitment agencies and will pay the individual contractor.
Your roommate is independent contractor who receives her clients and paycheck through another company should she be reimbursed for her time during travel as well as mileage between clients?
No, not if she's and "independent" contractor, the company just gets clients for her and takes their cut of her pay.
