Ensuring compliance with tax regulations is crucial for any business when paying vendors or contractors. One essential document that plays a significant role in this process is the W-9 form. The Importance of Obtaining a Completed W-9: Simplifying Your Year-End 1099s This blog post explores why obtaining a completed W-9 is essential and how...
As a business owner, you know the importance of securing help from outside sources to keep your business running smoothly throughout the year. Whether it’s a local handyperson, a cleaning service, or an extra pair of hands to help with your workload, these individuals play a crucial role in ensuring your business runs efficiently. But...
Yup, it’s that time of year. We are pulling our hair out to collect W9 forms for all eligible vendors—fun. Of course, it would be best if you had them finish preparing your 1099s, but it’s not a priority to them. The trick is to request them before you make your first payment. It’s a...
Now is the perfect time of year to remember why it is important to get documentation from your vendors as part of a complete set-up before you remit even one payment to them. Everyone is currently under pressure to issue 1099s, which must be sent out no later than January 31. The biggest question is,...