Subcontractors

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Subcontractor, Independent Consultant, or Employee? What is the difference?

I often hear my clients or other Government Contractors use “Subcontractor” and “Independent Consultant” interchangeably; however, they are not synonymous. Sometimes I hear Independent Consultants being referred to as “1099s”, which is a misnomer because 1099s shall be issued to both unless the Subcontractor is an S or C Corporation. An individual may be working …

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Reminder-Reporting due to Federal Government by October 31

October 31 is the deadline to report to the Federal Government for Service Contracts and Subcontracting Goals., if applicable. This article focuses on Service Contract Reporting. For more information on reporting Subcontractor Goals, go to www.esrs.gov. WHAT: For FY 2015, reporting is required according to the following thresholds (see FAR 4.1703). • All cost-reimbursement, time-and-materials, …

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