Contractor Payroll Compliance: What Can Go Wrong

Contractor Payroll Compliance: What Can Go Wrong

A crew member who has worked beside you for six months may call himself a subcontractor. That does not automatically make him one in the eyes of the IRS, the Texas Workforce Commission, or the U.S. Department of Labor. Contractor payroll compliance begins with that...
Bookkeeping for Project Based Businesses That Pays

Bookkeeping for Project Based Businesses That Pays

A project can look profitable from the job site and still leave your bank account under pressure. Materials were purchased up front, subcontractors needed payment, a customer invoice is still outstanding, and another job is ready to begin. Bookkeeping for project...
W2 Versus 1099 Payroll: Which Fits Your Team?

W2 Versus 1099 Payroll: Which Fits Your Team?

A new hire can solve a staffing problem and create a bookkeeping problem at the same time. For a contractor bringing on a crew member, an investor hiring a property manager, or a real estate team adding support staff, W2 versus 1099 payroll affects more than how...
Can Realtors Deduct Mileage? IRS Rules Explained

Can Realtors Deduct Mileage? IRS Rules Explained

A full day in real estate can mean showing three homes, meeting an inspector, picking up signs, checking on a listing, and attending a client event. So, can realtors deduct mileage for all that driving? Often, yes. But the deduction depends on why you drove, where you...
Employee Versus Contractor Classification Guide

Employee Versus Contractor Classification Guide

Friday afternoon is a bad time to realize the person you have been paying by check should have been on payroll. For Houston-area contractors, real estate teams, and growing small businesses, employee versus contractor classification affects much more than whether...
7 Contractor Payroll Mistakes That Cost You

7 Contractor Payroll Mistakes That Cost You

A profitable job can look far less profitable once payroll is corrected. For contractors, labor is often the largest and fastest-moving cost on the books. That is why contractor payroll mistakes create more than a filing problem. They can distort job costs, strain...
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