This past January saw changes to filing deadlines for W-2s and some 1099s. While most of the change-over ran smoothly, it is always a good idea to review these changes and why they are important.
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In our first chapter we saw the horrors that can befall your company when collecting W-9s falls through the cracks. Now let’s examine how to handle them to turn your worst nightmare into sweet dreams.
It’s was a dark and stormy night. There, hunched over the table, was a small business owner furiously trying to figure out his 1099 situation. What a nightmare! All kidding aside, we don’t want this to be you this January when 1099 season arrives.
Knowing what is and what is not 1099’d can be very confusing. Then comes the difficulty of making sure you have all the important information about that vendor on file. Here are some tips to make this upcoming season a success for your small business.