Hiring Independent Contractors
Payments to contractors performing work under a relevant contract are liable for payroll tax unless the contract satisfies one of the seven criteria outlined under the heading ‘ When is a contract not liable for payroll tax? Just because a building contractor doesn’t belong to an association doesn’t mean they are unqualified, but proceed with caution. A contractor may work for multiple principals at the same time eg a builder having contracts to do work for Company ‘A’, Company ‘B’and Company ‘C’. Ø Any work by contractor within Defects Notification Period as pointed out by Employer, well within contract requirement is to be carried at the risk and cost of the contractor. You will have to meet continuing education requirements from time to time in order to keep your license current and valid. We specialize in prevailing wage contractors and compliance, and we’ve assembled our knowledge into a flexible, easy-to-use solution that reduces your workload while offering great benefit options for your employees.
Generic amendments to these insurance provisions are not normally essential, however, discreet changes may be required depending on the nature of a specific project (for example, amending the definition of joint names insurance policy to include the project funders, or to reconcile the standard provisions with a project insurance policy taken out by the Employer).
Trend Investment Group and BuildTrend Construction were two of the registered contractor entities he used in Pennsylvania and names he is currently using in Maryland, Delaware and Pennsylvania appear to be close derivatives of these names. Of course, it is important to do your due diligence, ask your friends for recommendations and screen contractors carefully, but it is also important to understand how an unscrupulous contractor could rip you off. In a worst-case scenario, this could mean your roofing contractor removes your old shingles, puts a tarp on the roof and is never seen again. Other companies claiming to be umbrella companies provide the contractors an employee benefit trust paid into an offshore account. Some state laws limit the amount of money a contractor can request as a down payment.
If the person is considered a worker, you effectively become their employer for WorkCover insurance purposes, and you must include the money you pay them in your total remuneration. The contractor shall not undertake any construction project which exceeds the value of construction works specified under the registration grade and shall not execute any construction works which is outside his registered category. HomeAdvisor listed BuildTrend as a 5-star contractor on their site until late September 2015.
The agency deducts National Insurance Contributions and income taxes before payment to the contractor, even though the contractor isn’t an actual employee. The first step in selecting a contractor is to begin with a clear understanding of the work you want done in your home. Ø The contractor shall design if required to the extend specified, even though it is a construction contract.