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STATE LICENSING BOARD FOR CONTRACTORS RESIDENTIAL CONTRACTORS SUBCOMMITTEEMEETING MINUTESDecember 19, 2018The regular meeting of the Residential Building Contractors Subcommittee was called to order
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NEWS (New Employee Withholding Statement) for Arkansas contractors is a form used to report the withholding of taxes from payments made to employees and subcontractors.
Any contractor or business that pays workers in Arkansas and is required to withhold state income tax must file the NEWS form.
To fill out the NEWS form, contractors need to provide information on payments made, the amount withheld for taxes, and details regarding the contractors or employees involved.
The purpose of the NEWS form is to ensure proper reporting and withholding of state income taxes from contractors' payments, contributing to state revenue.
Contractors must report details such as the names and identification numbers of contractors or employees, the total amount paid, and the total tax withheld.
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