Sentences with phrase «cover payments to contractors»

They also said that the second loan was for cash flow purposes, to cover payments to contractors until state grants, which have already been approved, are received.

Not exact matches

Part of the problem, the study found, is that «existing tax rules effectively create a $ 19,399 reporting tax loophole impacting millions of taxpayers» because of the confusion surrounding the requirements for forms 1099 - K, which is supposed to be filed by companies when they earn more than $ 20,000 through 200 or more credit card transactions, and 1099 - MISC, which covers payments above $ 600 to independent contractors, freelancers and small businesses.

To preserve the independent contractor status and avoid potential misunderstandings, the freelance work agreement should cover the major aspects of the employment relationship, including payment of applicable taxes and payment of related business expenses.

In an October 10 letter, lead contractor AECOM said Faraday was late on a $ 21 million payment for an escrow account to cover material costs and contractor work.

Professional Experience Injury Finance (Greenwood Village, CO) 10/2003 — Present Insert Title • Develop business plan, processes, and protocols for a medical treatment finance company • Administer medical liens with healthcare providers to cover patient payment • Hire, train, and manage employees ensuring efficient and effective operations • Interview potential clients, analyze situation, and oversee client selection process • Serve as liaison between Injury Finance and third party attorneys and medical providers • Oversee sales and marketing initiatives ensuring profitable operations • Develop marketing collateral, logo, brand image, and mission statement • Draft website copy and coordinate execution with independent IT contractors • Develop proprietary software in conjunction with a database developer • Negotiate provider contracts and lien settlements with attorneys • Expand into New Mexico and Georgia building business into $ 12 million in annual revenues • Assist with accounting functions including P&L report generation and review