January is always a busy month for bookkeepers. For my company, we process over 500 1099′s across 40 clients every year.
During our quest for gathering the information in order to file 1099′s, we ask vendors to fill out a W-9 form. Typically this should be done upon hiring of the vendor this way the books are in order when January hits. The differences between a W-9 and a 1099 are: [click to continue reading…]