Happy New Year business owners. It's Al-Nesha, CPA and firm founder of ASE Group. And this is the time of year where business owners should be thinking about W9s and 1099s if you haven't thought about it all year.
This, without a doubt, confuses business owners every single year. Who should I have collected it from? Who do I need to issue at 1099 to? When are they due? I know it's confusing. The rules have also recently changed last year. So if this is something that is confusing to you, I've put together a less than five minute tutorial that I want you to check out. I hope it helps you. Don't hesitate to reach out to your accountant or us if you need any assistance.