Electrical Contractor Kentucky Withholding

State:
Kentucky
Control #:
KY-P043-PKG
Format:
Word; 
Rich Text
Instant download

Description

This package is an important tool to help you with the legal issues that may arise between electricians or electrical contractors, property owners, suppliers and/or subcontractors during an electrical project for new construction or repairs. The heart of this package is the electrical contract that complies with state law.



This package contains the following forms:


1. Kentucky Electrical Contract - Cost Plus or Fixed Fee

2. A Bid Log

3. A Bid Follow Up Letter

4. A Summary of Estimate

5. A Change Order Sheet

6. A Certificate of Completion

7. A Final Project Punch List

8. A Worker Safety and Health Plan

9. A Customer Satisfaction Survey and

10. A Company Evaluation by Customer

Purchase this package and more than 50% over purchasing the forms separately!


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FAQ

Kentucky's limited liability entity tax applies to traditional corporations, S corporations, LLCs, limited partnerships (LPs), and limited liability partnerships (LLPs). The tax is based on a business's annual gross receipts. For businesses with gross receipts less than $3 million, there is a minimum LLET of $175.

You may be exempt from withholding if you work in Kentucky but reside in one of the following reciprocal states: Illi- nois, Indiana, Michigan, West Virginia, Wisconsin, Virginia and you commute daily or Ohio and you are not a sharehold- eremployee who is a twenty (20) percent or greater direct or indirect equity

200b200b200b200b200bKentucky Revised Statute Chapter 141 requires employers to withhold income tax for both residents and nonresidents employees (unless exempted by law). Employers must withhold the income tax of the employees receiving "wages" as defined in Section 3401(a) of the Internal Revenue Code.

Contractors Do Not Charge Sales Tax to their Customers on Construction Contracts. It is important to remember that, similar to service enterprises rendering services not subject to sales tax, sales tax does not apply to sales of real property or the erection, remodeling, or repair of real property. See KRS 139.200.

According to the provisions of Kentucky Regulation 103 KAR 0, all sales to contractors, subcontractors, or builders of tangible personal property to be incorporated or fabricated into any structure or improvement to real property are subject to sales tax.

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Electrical Contractor Kentucky Withholding