0
What else can I help you with?
How much money does a general contractor make every year?
$440,000 a year
Do you put an independent contractor as an expense or income in the general ledger?
An independent contractor is classified as an expense in the general ledger. When you pay an independent contractor for their services, you record the payment as an expense, typically under a category such as "Contract Labor" or "Professional Services." This reflects the cost of the services provided, which reduces your net income. Income, on the other hand, refers to revenue generated from your business activities.
What is W2 basis?
It means you will be paid as an employee, not a contractor, with al proper payroll accounting (withholding) being done. Not under the table.
Give the detsils for Vat form 231 233 406 407 408 409 we are sub contractor and vat paid by principal contractor how we show our turnover and set off my vat?
How To Fill Up Form 407 And 408
Can a contractor be paid by cash only?
Yes, a contractor can be paid in cash only, but this arrangement should be clearly documented in a written agreement to avoid misunderstandings. Both parties should be aware of tax implications, as cash payments may not be reported to tax authorities. It's also advisable to provide receipts for cash transactions to maintain a record for both the contractor and the client. However, some contractors may prefer other payment methods for security and traceability.
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.
Are you an employee or an independent contractor if you are paid a 1099 salary?
How you are paid does not determine whether you are a contractor. If you are properly an independent contractor, you can be paid on a 1099.
Can a roof be fixed by a general contractor?
If he can't he shouldn't be a general contractor
How much is a concrete contractor paid?
A concrete contractor is paid between $60 and $95 per hour.
Who pays contractor's general liability insurance the general contractor or the client?
While different states may have different requirements, it is generally the responsibility of the contractor to furnish his or her own general liability insurance. Of course, the costs of any business will be, one way or another, paid for by monies received from clients. These are "overhead" costs and will be factored into bids throughout the course of a fiscal year.
Is a person a subcontractor if the general contractor makes the price?
Anyone who does work for a general contractor and is not a direct employee of that contractor is a sub-contractor. Regardless of who sets the price. The subcontractors work within the contract set between the general contractor and homeowner. Hence sub-contractor.
Who was the contractor that built the metrodome?
General Contractor Lic.
Why would a subcontractor get a general contractor license?
So they can work as a general contractor and not have to work for someone else.
Can a subcontractor for termite treatment on a Hollywood Florida home put a lien on the house when the contractor was paid in full but will not pay the subcontractor?
Not likely. There is no privity of contract between the homeowner and the subcontractor. The homeowner had an agreement with the general contractor, and that's the only person they have a duty to pay. The subcontractor can only pursue payment from the general contractor - to put a lien on the home would be to punish an innocent party - the homeowner. This is between the subcontractor and the general contractor, and there's no reason to bring the homeowner into this, since the homeowner doesn't owe the subcontractor anything.
What is an insured contractor?
An insured contractor is a contractor who carries a Commercial General Liability Insurance Policy.
What happens when a general contractor is not a general contractor in your state?
That means he is an unlicensed general contractor. He has not set up a bond or registered with the state licensing board. Complaints in your state would not be readily available.
What are some well paid labouring jobs in the US?
Well paid labouring jobs in America include construction worker, plumber, carpenter, general contractor, roofer, shipping yard and sewer installation.
