Let’s talk about 1099s-yes, they can feel overwhelming, but they don’t have to be. Over the years, I’ve learned how to streamline this process and keep tax season from turning into a nightmare. In this video, I’m walking you through my approach to preparing and filing 1099s for contractors and vendors so you can tackle it confidently.
I’ll explain why collecting W9 forms up front is essential and how it saves time down the road. We’ll go over how to determine who actually needs a 1099 and who doesn’t, and I’ll share the tools I use, like QuickBooks and Track1099, to simplify the entire process. Plus, I’ll clear up some of the confusion around topics like Venmo payments and 1099 requirements for small businesses.
#smallbusinesstaxes #taxpreparation #irsforms #taxtips #accounting #financialplanning #businessfinance
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