Pay-When-Paid Method for Materialmen Over the course of the last 15 to 20 years, the Connecticut Department of Revenue Services (“DRS”, i.e. the Taxman) has grappled with how to deal with when and how use and sales taxes are to be reported when a subcontractor or supplier has a “pay-when-paid” clause in their contract. The […]
Month: May 2017
Liens v Bankruptcy: Who Wins? Getting Paid When Bankruptcy is Filed
We all dread the word. Whether it is uttered to you or about you, it raises the hair on your neck and is synonymous with not getting paid for your hard work. BANKRUPCTY! Whether you are a material supplier, a subcontractor or even a general contractor, when anyone in the construction chain above you declares […]