Forced Withholding on Contractors Defeated….So Far
July 21, 2009
The word is that the budget agreement that has been tentatively reached between the state legislature and the governor’s office is missing the provision that forces withholding on independent contractors. The final language is not yet available, but it seems that various organizations and individuals were successful in getting this provision removed. For all those that read the last post on the issue and called your state legislature to complain, thanks!
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Glad to see this bill stopped. It would change the real estate landscape dramatically. Could these additional costs be passed on? Do individuals with “w-2″ income pay the expenses that an Independent Contractor pays? I don’t think so.
Glad to see this bill stopped. It would change the real estate landscape dramatically. Could these additional costs be passed on? Do individuals with “w-2″ income pay the expenses that an Independent Contractor pays? I don’t think so. This could affect the commercial real estate market cross the country and we sure don’t need that.