W-9s and 1099s



The goal of this webinar is to provide you with tools to develop and W-9/1099 procedures manual so that your employees can exercise due diligence and not miss any company compliance issues.

 

Areas Covered in the Session:

  • Starter Question: How can we best set up an independent contractor in our vendor payment system to ensure compliance with the IRS reporting rules?
  • Protocols for setting up new vendors (ICs)
  • When to require a Form W-9
  • How to test the accuracy of the W-9 information with the IRS's records - for free!
  • Who and what you pay determines whether you must report (1099 reporting)
  • Forms to use to document your independent contractor as reportable or non-reportable
  • Required governmental reporting on ICs
  • Form 1099-NEC - New for 2020, this form addresses Non-employee compensation
  • Form 1099-MISC - guidelines for proper use and classification of diverse payments on this form
  • Best practices for filing 1099s with the IRS - TIP: never file early!
  • The government wants to remove the exemptions - what this means to you

 

Speaker Profile:
Miles Hutchinson is a keynote speaker of ComplianceKey. He is a CGMA and experienced businessman. He has been an auditor with PriceWaterhouseCoopers and the Chief Financial Officer of a $1 billion real estate development company.

 

 Offer : (10% Off) On New Signup

 

Contact Info:

Compliance Key

https://www.compliancekey.com/

Email : support@compliancekey.us

Phone : +1 717-208-8666


Event Type
Webcast


This event has no exhibitor/sponsor opportunities


When
Thu, Jan 14, 2021


Website
Click here to visit event website


Organizer
Compliance Key


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