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 did you know these individuals are also small businesses like you? They, too, need to comply with the IRS and pay taxes. This is where a W-9 form comes into play. Getting a W-9 from these individuals is critical in ensuring your company complies with the IRS.
As a good practice, it’s recommended that you get a W-9 form filled out by the individual before you hand over their first check. Waiting until the end of the year to obtain this form may be difficult, as it may not be easy to get that W-9 filled out or find the individual once the work is done.
At ZümiFi, we understand the importance of compliance and ensuring that your business runs efficiently. We are your professional stress relievers, providing tailored financial services to meet your unique needs. Our expertise in bookkeeping is unparalleled, and we take pride in our ability to optimize opportunities to automate data entry and connect various online tools seamlessly with your QuickBooks Online.
Bookkeeping is the bread and butter of our business. It’s where we came from, what we love most, and what we’re best at. We wake up every morning excited to work on our client’s books, and we take great pleasure in delivering great books that truly move things forward.
In conclusion, whether you need help with bookkeeping or ensuring compliance with the IRS, ZümiFi is your go-to financial specialist. Contact us today to learn more about how we can help you achieve financial success.
The Importance of W-9 Forms for Small Business Owners
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