Filling Out Form W-9: Request for Taxpayer Identification Number TIN and Certification
Neither the sender nor the recipient should send a copy to the IRS. In addition, the business requesting the tax information must safely secure copies of the form. The IRS suggests a company should request a W-9 form when they hire an independent contractor, no matter the initial payment amount. CARES Act If the company […]
Top 7 Construction Accounting Software Platforms for Contractors
Forbes Advisor researched the best construction accounting software on the market to help you find the right solution for your business. To help mitigate the risk of these types of errors, you can invest in modern construction timesheet software. Construction time tracking tools are designed to simplify time management, and platforms like Contractor Foreman have […]
What’s the Difference between Salary vs Wage Employees?
We often hear the terms “salary” and “wage” in the working world, each signifying different ways of paying employees. This guide on salary vs wage breaks down the basics, exploring how salaries and wages work and what it means for both employers and employees. Join us as we simplify the complexities of compensation, providing insights […]
Net Income NI Definition, Importance, Formula, and Example
Most employers will quote the gross yearly income for any job they are listing because, as the higher of the two figures, it makes a job offer more appealing. This is different from your gross monthly or yearly income, which is a term that is often used interchangeably with your salary. In this guide, the […]