General Contractor Philippines
Don't get caught by the for improperly classifying workers. The scrutinizes this information, trying to find entrepreneurs who may misclassify workers as independent general contractors Philippines 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, the acting employment tax policy program manager for the.
It's easier for to collect taxes from business owners than from independent contractors. Employers must withhold income taxes, withhold and pay Social Security general contractors Philippines and Medicare taxes, and pay unemployment taxes on wages paid to employees.
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 the]".
Anyone who performs services for you where you control what will be done and how it will be done is considered an employee by. With an independent contractor, the business has the Tight to control or direct only the result of the work done by the contractor, not general contractors Philippines 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 contractors operate businesses.
In addition, complete and file Form, general contractors Philippines 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 the IRS if the contractor is paid $600 or move in the calendar year. There is a $50 perform penalty for failing to file the form general contractors Philippines.
For more info about general contractor Philippines;
(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
(For Davao / Mindanao)
Raul G. Anuada (Realtor & Civil Engineer) Unit 162, 16/F Landco PDCP Corporate Center J.P. Laureal Ave., Bajada Davao City
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