Included in your package are the following forms:
1. A Foundation Contract - Cost Plus or Fixed Fee
2. A Construction Project Information Sheet
3. A Change Order Sheet
4. A Certificate of Completion
5. A Weekly Equipment Summary
6. A Worker Safety and Health Plan
7. An Accident Report Form
8. A Customer Satisfaction Survey
9. A Bid Log and
10. A Bid Follow Up Letter.
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If you are hiring a new employee, you must have that person fill out a W-4 form. If you are hiring an independent contractor, you must have that person complete a W-9 form.
While there is no state withholding tax in New Hampshire, employers do need to pay state unemployment insurance taxes.
Can I withhold taxes for an independent contractor? In most cases, businesses do not withhold taxes from any payments to an independent contractor. If, however, backup withholding applies, employers may be required to deduct a portion of the individual's earnings and send it to the IRS directly.
Independent contractors report their income on Schedule C (Form 1040), Profit or Loss from Business (Sole Proprietorship). Also file Schedule SE (Form 1040), Self-Employment Tax if net earnings from self-employment are $400 or more.
New Hampshire does not currently have an individual income tax, so there is no withholding tax.
