Businesses grow, and that’s a great thing, but if they grow wrong, they can face additional costs along the way. One of these areas you must grow correctly is with your new hires. There are many reasons you’d want to hire an independent contractor over an employee or vice versa when just starting out, but taxes are the primary reason and the one we’ll examine in this article.
General contractors often run their own business. They hire subcontractors to complete specialized construction work and may manage a team of plumbers, electricians, builders, carpenters and other specialists. General contractors build their business by networking with potential clients, buying basic construction tools, and ensuring that their subcontractors complete high-quality work. General contractors don’t usually complete much construction work themselves, but they need to be familiar with construction techniques so they can manage workers effectively.
Warminster resident Jeff Goldstein, a victim of a contractor, believes the recent updates are a step in the right direction, but he wants to see more done to compensate victims. He suggested bringing in forensic accountants to review assets of convicted contractors who claim they are bankrupt or appear to have no assets and requiring contractors to take out bonds for projects.
Were seeing a lot of remodeling going on, and that’s a lot different from new floor staining projects, says Barbara Sargent of Kemiko Concrete Products, Leonard, Texas. When you pull up carpet or tile, you never know what you might run into. Carpet glue, tile mastics, water and urine stains, chalk marks, caulk, grease stains, paint drips, and rust spots are just a few of the contaminants that staining contractors have encountered, she notes.
Following the introduction comes the client-centered part of the proposal. Here you’ll write topics that demonstrate your understanding of the position and needs of the decision makers. If your proposal is complex, you might want to begin this section with a summary page listing the most important points of your proposal. This is generally called a Client Summary in a fairly casual proposal, or an Executive Summary if your proposal is targeted to corporate clients. Whether or not you use a summary to begin, in this section you should describe the needs, goals, and desires of the client. Don’t mention anything about yourself or your ideas yet; keep this section focused on the client.