Tax Forms & Deductions : How to Calculate Your Earnings & Taxes
Calculating earnings and taxes requires taking all wages into account, such as contract work that has necessitated the reception of a 1099 form. Discover how business profits, pensions, annuities and interest dividends can be categorized as income withhelp from a tax bookkeeper in this free video on calculating earnings and taxes. Expert: Ken Lewellyn Contact: www.tnbizserv.com Bio: Ken Lewellyn is co-founder of Tennessee Business Service, Inc. Filmmaker: Dimitri LaBarge
www.questcontracting.com If you’re considering hiring a general contractor or you’ve already made your choice, you might be wondering what type of Construction Contract should you use? There are a few different contract forms that we use that you might want to consider using. – The Consensus Documents by the Associated General Contractors of America. This is a fair set of documents that they produce for approval between the owner, the contractor, and the architect. – Then there’s the Contract Documents by the American Institute of Architects (AIA) which is another standard document that contractors, architects, and owners use. Either of these documents are fair and recognized by the legal community. -The most common document type we see is the Standard Stipulated Sum Contract. This is used in a bid format when several general contractors are bidding on a design, and the design documents call for a Stipulated Sum or a Guaranteed Price or agreed upon sum that the contractor agrees to. If the project is under the stipulated sum, the contractor keeps the savings, but if the project goes over the stipulated sum, the contractor looses out on that amount. – Cost + a Fee is where you sit down with the owner, you show them all of your subcontractor’s bids, and the owner pays the actual cost of construction plus a negotiated fee for your services. This way, you get the actual cost of the project, you see all of the invoices, and you know exactly what the cost is and you pay that …
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