Lynn Karam - Profile and Journalist Details
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Lynn Karam
Verified
Journalist, Contractor
New York
Beats
Unions. Labor organizing and policy social media stunts if they're crazy and tech-y enough. general tech
Anything celebrity-related
Content
By Lynn Karam| Contractor Verified Every year many taxpayers (individuals and businesses) including contractors prepare for the tax season by having financial statements prepared and filing tax returns to comply with federal, state, and local tax laws. Of equal importance, a business must be prepared to pay any tax liabilities incurred as a result of their filing. Perhaps ironically, a contractor who experiences a significant financial profit in a given year is likely to expect a tax liability.
By Lynn Karam| Contractor Verified Although some may argue that paying more tax than required might be considered patriotic, it's important to recognize that strategically minimizing tax liability (within the legal framework, of course), is a common and prudent practice in the United States. The U.S. Tax Code, also known as the Internal Revenue Code (IRC), contains several provisions which can help contractors reduce their tax burden. At this time every year we encounter contractors who are upset about their tax liability.
By Lynn Karam| Contractor Verified Every year many taxpayers (individuals and businesses) including contractors prepare for the tax season by having financial statements prepared and filing tax returns to comply with federal, state, and local tax laws. Of equal importance, a business must be prepared to pay any tax liabilities incurred as a result of their filing. Perhaps ironically, a contractor who experiences a significant financial profit in a given year is likely to expect a tax liability.
Company Info
Contractor
Contractor Connection is a managed contractor network based in Jacksonville, Florida, specializing in insurance repairs, remodeling, and renovation services. Established in 1995, the company serves both residential and commercial clients, focusing on contractor management and customer satisfaction. With an annual revenue of approximately $1.2 billion and a team of nearly 400 employees, Contractor Connection is dedicated to providing quality service. The company offers a range of services, including managing restoration and emergency response for property damage claims, general contracting, roofing, plumbing, flooring, and special needs modifications. Contractor Connection conducts thorough vetting of contractors, ensuring they meet licensing, insurance, and financial stability requirements. They provide project management with real-time tracking and a workmanship warranty, enhancing the customer experience. The company partners with insurance carriers to streamline claim repairs and offers free contractor matching for homeowners, simplifying the renovation process.
Chicago, United States
+1 904-394-6200
Founded: 1995