October is here and that means more than just tricks and treats. If you own a business, it means that it is time to start getting together your W9’s and 1099s for filing. If your head started to hurt just reading about it, don’t worry Deitz Consulting is here to help!
They say a picture is worth a thousand words, so the graphic below should be incredibly helpful in exploring this topic. This simple decision tree will help you identify which vendors you need to have a W9 on file for and will have to file a 1099 for. For a detailed walkthrough of the decision tree be sure to watch the video below.
If there is anything that still isn’t clear, or you just need help; feel free to reach out to set up a consultation!