HOME

 

Philippines Contractors

Don't get caught by the IRS for improperly classifying workers. The scrutinizes this information, trying to find entrepreneurs who may misclassify workers as independent Philippines contractors instead of employees. "It's an important issue for the because worker misclassification may give a competitive advantage to the business using independent contractors," says Don Segal, the acting employment tax policy program manager for the IRS.

It's easier for the to collect taxes from business owners than from independent contractors. Employers must withhold income taxes, withhold and pay Social Security and Medicare taxes, and pay unemployment taxes on wages paid to employees Philippines contractors.

Independent contractors generally have no withholding on their earnings and may not be able to pay their tax liability at the end of the year. "They end up as a collection problem [for]," says.

Anyone who performs services for you where you control what will be done and how it will be done is considered an employee by the. With an independent Philippines contractors, the business has the Tight to control or direct only the result of the work done by the contractor, not the means and methods of accomplishing the result.

The reviews business filings to determine if workers who were employees are converted to independent contractors in the same job category. If they are, the employer has liability for both the employer and the employee portions of employment taxes. In addition, the employee must file a claim to get a portion of the self-employment tax refunded for past returns filed as an independent contractor.

If you use independent contractors, be sure to maintain completed W-9 forms, contractors' business licenses and certificates of insurance. You should have invoices, business cards, telephone listings and other documentation showing that the Philippines contractors operate businesses.

In addition, complete and file Form 1099-MISC, which is used to report payments made in the course of a trade or business to another person or business that is not an employee. Give the contractor a copy, and send one to if the contractor is paid $600 or move in the calendar year. There is a $50 perform penalty for failing to file the form.

 

 

For more info about Philippines contractors;

 

 
(For Manila and surrounding)
American Design Construction
#92 Ordoņez St. corner Maroon St.
Concepcion Dos, Marikina City
 
 
 
 
(For Cebu, Bohol, Negros, Leyte)
ET & p Design & Construction
#888 Katugasan, Casili
Consolacion, Cebu
 
 
 
 
(For Baguio and surrounding)
RA Gacoscos Construction
#99 Greenwater Village
Baguio City, Philippines
See website
 
 
 
 
(For Davao / Mindanao)
Raul G. Anuada (Realtor & Civil Engineer)
Unit 162, 16/F Landco PDCP Corporate Center
J.P. Laureal Ave., Bajada
Davao City
 
 

 

-------------------------------------------------------------------------------------------------------

contractors   construction   homes   house   builders   build   building   architect   remodeling   remodel   renovating   interior   floorplan

plumbing   general   referral   estimating   residential   proposal   bid   contracts  pool   industrial   directory   estimate   building   supply   bathroom   insulation   electrical   quote   flooring   fencing   roofing   listing   landscape   remodeling   painting   services