| TheContractorsGroup.com Serving Contractors and Related Industries, Since 2000 |
| Newsletter Sept. 2004 Editor: Diane Dennis |
Subscribe if you haven't yet, it's FREE! Happy September! Our #1 article this month is about Owner Controlled Insurance Programs. While at first glance they look attractive, for contractors they aren't necessarily so great. They're most likely going to be around for a while though, so we might as well figure out how to make them best work for us. We've also got info on making the government pay you back for your health expenses and, for employers affected by the wild fires in Shasta County, information on how to request an extension on filing deadlines for payroll reports and taxes. Enjoy
the newsletter and have an outstanding day! |
OWNER CONTROLLED INSURANCE PROGRAMS (O.C.I.P.) Thank you to Kim of Montbleau & Associates, San Diego for her email that sparked this article! OCIP, or "Owner Controlled Insurance Programs", are insurance policies taken out by the Owner of the property where construction is taking place. Instead of each individual contractor securing his own liability and/or worker's comp and/or other insurance for the project, the Owner secures an OCIP that covers all construction and contractors on the project. |
Residential and Light Commercial Construction Standards
A unique collection of industry standards that define quality in construction. Coverage includes standards for concrete, masonry, framing, finish carpentry and cabinetry, insulation, roofing, windows and doors, drywall and ceramic tile, floor covering, plumbing, electrical, HVAC, and more. A one-stop reference, this book has helpful commentary and insight from respected practitioners. This new second edition provides the latest building code requirements. Residential
and Light Commercial Construction Standards |
HALLOWEEN IS RIGHT AROUND THE CORNER... Check out our Halloween page! We've got some really cool halloween-ish things there, great for anyone who celebrates Halloween! The Halloween Gingerbread House is too cute and the Pumpkin Decorating Kit lets the little ones get in on the action. Plus lots more including costumes & candy! |
| WE KNOW OUR ADVERTISERS ARE GOOD BECAUSE WE USE THEIR SERVICES! | |
Southern
California Insurance Brkrg.
For insurance and bonds, call SCIB or visit their website and request quotes and insurance certificates online! (800) 900-9372 http://www.thecontractorsgroup.com/scib/ |
Levy
• von Beck & Associates P.S. Levy • von Beck & Associates P.S. provides Credit & Collection services to clients throughout the United States. (206) 626-5444 http://www.thecontractorsgroup.com/levylaw/ |
| EMPLOYERS AFFECTED BY FIRES MAY BE ELIGIBLE FOR EXTENSION From an email I received from the EDD: Shasta County Employers Affected by Fires Eligible for Extension on Filing Payroll Tax Returns Employers directly affected by damage resulting from the recent wildfires in Shasta County may request up to a 60-day extension of time from the Employment Development Department to file their State payroll reports and deposit State payroll taxes without penalty or interest. This extension, applicable only to the third and fourth quarters of 2004, may be granted under Section 1111.5 of the California Unemployment Insurance Code (CUIC). Written requests for extension must be received with a postmark date of October 21, 2004, or earlier. To request an extension, employers must send a letter along with any late payment or report. The letter must provide detailed information as to why the report or payment could not be submitted timely. The letter should specifically request an extension of time under Section 1111.5 of the CUIC. Employers should mail the tax return or payment to the address specified on the filing form. If an employer has already been charged a late filing or payment penalty which they believe may qualify for an extension under Section 1111.5, they should send their written request to P.O. Box 826846, MIC 3A, Sacramento, CA 94246-0001. For EDD information on emergency/disaster assistance, see their Web site at www.edd.ca.gov/eddemerdisaster.htm or call the Taxpayer Assistance Center at 1-888-745-3886. YOU CAN MAKE THE GOVERNMENT PAY YOUR HEALTH BILLS There's a little known section in the tax code that can save you big, BIG bucks on your health expenses. You can get back almost everything you spend on health insurance, doctor visits (co-pays and full pays), prescriptions, eye glasses, contact lenses, dental work and appliances, etc. Your tax savings will be tremendous! We've been using this tax code to save on our expenses for a couple years now. It truly is a legitimate program. :) You don't have to have health insurance to use this program and you don't have to buy health insurance to use this program. But you're running out of time to include the third quarter of 2004 in these savings. Because it works on a quarterly basis you only have until the end of September to still claim the third quarter of 2004. Contact Steve Schuetz right away to get started, there's no time left to waste! Tell him we said "hi"! :) Steve
Schuetz Save
thousands of dollars on your health expenses |
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WE WANT TO HEAR FROM YOU Well, that's it for this issue. Please let me know what you think about our newsletter and what you'd like to see here. It's real easy, just click here to send us an email with your thoughts. Thank you very much, we truly do appreciate it! Have an outstanding day and week! Diane & Curtis Dennis CONTACT INFO Diane Dennis TheContractorsGroup.com was created to help construction contractors and other business owners with their day-to-day and on-going administrative needs. |