All businesses and businessmen can benefit from the key performance indicators. General contractors can perform most types of construction work. Before going out and hiring a general contractor to repair a hole in drywall or to paint a room, you can hire a handyman. Contractors should carry personal liability, workers’ compensation, and property damage coverage.
Requiring an employee to assume an independent contractor status. Hiring someone who would have the right amount of time to devote to your project is also crucial, because sometimes hiring an extra-busy contractor can turn out to be a mistake. A contractor doesn’t get paid time and a half for working on a public holiday, or receive an alternative holiday (unless agreed).
Even if you’re not in business as a contractor, if you hire an independent contractor with employees, you may be a prime contractor. A competent contractor will get all the necessary permits before starting work on your project. If a form 1099 is completed and sent to an Independent Contractor somebody had better be paying the taxes.
In addition, a sub to a sub would need to be licensed whenever there are more than one (1) subcontractors on the project. During the pre-hiring phase, be sure that this contractor is completely legal and has the necessary paperwork. The contractor hires the excavator, frames the structure, and finishes the interior.
The IRS allows taxpayers to deduct 50 cents for every business mile driven during 2010, the standard mileage rate cannot be taken in addition to actual vehicle expenses like gas, repairs, depreciation, and insurance. The best route in hiring a contractor is to find out what their customers think of their work and their service.