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My Dad Wants Me To Start My Own Hvac Company And Subcontract Me . Would It Be More Profitable For Us Both?

Unemployment Insurance and Employment Discussion

My Dad Wants Me To Start My Own Hvac Company And Subcontract Me . Would It Be More Profitable For Us Both?

Postby covey » Thu Sep 21, 2017 6:09 pm

Not enough info to answer.
Is your dad also an HVAC contractor and wants to sub the work to you so that he doesn't pay any payroll taxes by having you as an employee? Is he a GC and wants you to get all the HVAC work on his jobs? If the first is the right one then he's avoiding paying payroll taxes, unemployment and workers comp.
You'll get stuck with both sides of payroll taxes yourself along with insurance and everything else that goes along with working for yourself.
Certainly more profitable for him.
covey
 
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My Dad Wants Me To Start My Own Hvac Company And Subcontract Me . Would It Be More Profitable For Us Both?

Postby Bartolome » Sat Sep 30, 2017 3:29 am

That a question for a CPA.
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