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