Ken. "I am TOUCHED by tour CONCERN....
The 30% Labor Max ...LABOR PER "TRUCK... "gives me a FIXED cost for Labor"
The men are paid a "reasonable"..Base salary..from which all taxes are paid.
Salary $500.00 per week...Then they are BONUSED any monies over there
Base salary..& recieve a 1099 for all monies exceeding $500.00.
For this to be LEGAL...They must have a business liscense in there NAME. Produce a
WAVIER of workmans compansation...& liabailty insurance in that companys NAME..
Example: Truck GROSS for the week is $4000.00...30% is $1200.00...(Labor cost)
Tech is Payed: $500.00 salary...with a bonus "credit" of $700.00..
The BONUS checks are issued "in FULL" the 1st of the following month....
With this example, The TECHs pay will be as follows:
4 weeks Salary= $2000.00 + a BONUS check of $2800.00...Total =$4800.00 a month...
This allows the company TIME to collect any recievables & The Tech to manage there
taxable income.This allowes them LEGAL deduction's in operating their buiness...(Auto,
Fuel,Ins,Repairs,% of office expenses ect.........)
I am sure you are aware there is NO state INCOME tax in FL.
And that WORKMANS COMPENSATION is not REQUIRED...
Unless you have 3 or more EMPLOYEES
