Information Discussion for Gate Guards

hi all. i called some of the gg companys from the # some have posted on here, last friday.got mostly voice mail to leave a call back # but pro gate said they were not hiring also said that since we are only engaged. that his wife would not let him hire us any way hahahah. oh well. kc services did want our resume the lady was great to talk with. does any one have any info on this company? as i said in an earlier post we sent a resume to site watch about a month ago. have not heard back from them don't have any # for them.
good new we should get our coach back from the service center this week after the blow out and 7500.00 in damage. thank god for good insurance.
john and carol
2000 holiday ramble class a
and a poor old ugly chocolate lab

It is uncommon to hire "security officers as 1099 employees." However, the private securtiy industry hires Law Enforcement/Police at customer request and classifies them as Sub-Contractors/1099 employees all day long. I can say that i have NEVER heard a single one of them have a problem w/ the IRS as long as they FILE CORRECTLY.

No idea how it would impact you LLC - beyond me!

Think of it this way --- If the kid that is mowing your yard every couple of weeks is placed on your company records as PAID SUB CONTRACT LABOR --- he darn well better file what you paid him at the end of the year OR Mr. IRS may knock on his door one day. I realize this is a stretch scenario - but, it cuts down a lot of trees and gets to the root which is; the companies compensating you as a sub will end up turning the wages paid into the IRS and they will be looking for your SSN so UNCLE SAM can get his share.

Well, this is my 2 cents anyway

lol

Enjoy all

Thanks Jimmy ... I must relay that i have been in the security industry for nearly thiry years and will be departing a senior level job to hit the road and enjoy life. w/ that said, I understand the complexities and the safety world around the petro industry.

Hard work isnt a problem for me -- was just wondering if its ppossible to be hired as a single and if its possible for a single to handle such work.

Sounds to me like it is doable - just be ready for an inconsistent day - all the way from sleeping to eating

Appreciate ya

So, you are no longer using your LLC for gate-guarding? Are You termed as individual employees of their company?

mimi55 wrote:
GGS, Loma and J&G by 1099. SiteWatch, Timekeepers and all others that I am aware of, by W-2. However, please talk to a tax attorney that is familiar with the ongoing law suit, prior to going with one of the companies that pay by 1099. Tax implications are being generated by the Federal law suit as how it may impact those being paid by 1099, on the day it is settled, are starting to surface. I won't go into all of what we were told, but just make sure, in your mind, you are ready for all possible IRS scenarios and a whopper of a tax bill.

Texan, could you PM me this. Thanks The main problem for us is only one of us can get paid.

One needs to be careful when joining a co. that is paying via 1099. Read the agreement or contract to ensure that it really meets the requirements to classify one as an Independent Contractor. We have our own LLC and joined Loma as such. However we found that their agreement and other required paperwork really was more employee oriented than IC. Had our accountant and an attorney review said paperwork and the consensus was that it wouldn't hold up under Federal or State investigation, so we terminated our agreement as we weren't going to jeopardize our LLC.

We now work for a company as employees at a higher wage than Loma was paying.

Even if they term us as employees, we still would be able to use the same tax deductions, so there shouldn't be a difference. When we file with the 1099 we are responsible for the self-employment taxes, so some of that should be refunded if we have to go back and re-file our previous years.
I was a Corporate Tax Accountant in my career, but I don't know much about personal taxes, just what I research for my own tax return.
Hopefully, everything will come out OK. If not, we'll just have to deal with it. There will thousands of people's tax returns affected with all the people that have worked for GGS through the years.
That lawsuit may never be resolved in our lifetime....

GGS, Loma and J&G by 1099. SiteWatch, Timekeepers and all others that I am aware of, by W-2. However, please talk to a tax attorney that is familiar with the ongoing law suit, prior to going with one of the companies that pay by 1099. Tax implications are being generated by the Federal law suit as how it may impact those being paid by 1099, on the day it is settled, are starting to surface. I won't go into all of what we were told, but just make sure, in your mind, you are ready for all possible IRS scenarios and a whopper of a tax bill.

Texan, could you PM me this. Thanks The main problem for us is only one of us can get paid.

Blondie Girl wrote:
I have had an Independent Contracting business as a part-time job for several years and have always been paid by 1099. The IRS has never questioned my deductions or my tax returns. Most of the work I did was just as it is with GGS..with me actually being a sub-contractor and doing the work to their specifications.
I really don't think there is anything to worry about, but it could benefit you to consult with a tax consultant.

Were you working for a company that was involved in a MULTI million dollar law suit with the Feds over the independent contracting status?? That is what is starting to rear its ugly head and the lawyer we talked to, went to the Feds about the consequences and that is why I am saying, be VERY careful.......

I have had an Independent Contracting business as a part-time job for several years and have always been paid by 1099. The IRS has never questioned my deductions or my tax returns. Most of the work I did was just as it is with GGS..with me actually being a sub-contractor and doing the work to their specifications.
I really don't think there is anything to worry about, but it could benefit you to consult with a tax consultant.

mimi55 wrote:
does sitewatch pay by w-2 or 1099?

GGS, Loma and J&G by 1099. SiteWatch, Timekeepers and all others that I am aware of, by W-2. However, please talk to a tax attorney that is familiar with the ongoing law suit, prior to going with one of the companies that pay by 1099. Tax implications are being generated by the Federal law suit as how it may impact those being paid by 1099, on the day it is settled, are starting to surface. I won't go into all of what we were told, but just make sure, in your mind, you are ready for all possible IRS scenarios and a whopper of a tax bill.