A bill newly proposed in the House would amend the Internal Revenue Code of 1986 to change the classification of employers and employees. “Currently, it is difficult and overly complicated for businesses to use independent contractors, which limits companies’ growth and individuals’ work,” said Rep. Erik Paulsen, who introduced H.R. 3396.
The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) that clarifies the definition of a business. The ASU affects all companies and other reporting organizations that must determine whether they have ...
Over/under billing reports analyze the amount billed compared to the work complete on a job in order to help contractors monitor job progress, accurately recognize revenue & secure project bonding.
Corporate boards have more independent directors, but some have close ties to the companies and executives they oversee.
Independent Contractors are a unique culture because they are effectively straddling the line between self-employed and small business owner. Contractors contribute significantly to the alacrity of the economy. However, contractors tend to have quite som
Are you an independent contractor who was suddenly let go by an employer Can you sue for wrongful termination as an independent contractor?
Five steps to follow to think big and gain an edge over the competition
Providing self-funded health benefits to a hourly and geographically dispersed workforce requires a unique approach that integrates enrollment, ongoing eligibility management, premium collection and compliance. Self-funding has many positives, such as reducing...
A question that often arises in workers comp cases is whether the injured worker is an employee or an independent contractor.
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Reducing over-processing -- applying more resources than are required, needed or requested -- is a great way for contractors to move towards leaner, more profitable construction
The first thing you should know is that the doctor performing the exam is paid by the insurance company. This means that the insurance company and the employer are looking for reasons to discontinue your workers’ compensation benefits in whole or part. There is no doctor-patient relationship established, which means nothing is confidential. The sole …
Implementing construction software systems - and budgeting for them - is increasingly becoming critical for construction contractors to remain competitive in the industry
When all project players have access to the same tools — such as scheduling software, 3D modeling and data collection — experts agree disputes are more easily avoided.
Learn how to determine if your company's workers are employees or independent contractors to keep your business out of trouble with the IRS.
Optimizing electrical estimating with the digital takeoff
Going from a salaried employee to an independent contractor is a huge transition. It's a significant
Since contractors’ skills are typically in HVAC maintenance and business management, accounting may be a skill better left to someone else.
Five unique accounting tips for construction contractor startups including builders, remodel contractors, handymen and specialty contractors.
Workers’ compensation is the insurance system set up to provide benefits to employees injured on the job. But does workers’ compensation also provide coverage for independent contractors? Generally, independent contractors are not eligible for workers’ compensation benefits. But independent contractors...