By MichaelSilver
As we approach the end of the year, it’s time to start preparing for the 2024 1099 filing season. We aim to make this process as smooth and stress-free as possible for you.
Here’s how you can get ahead:
1. Verify Your Records
- Ensure your vendor information, including W-9 forms, is up to date
- Double-check payment details for accuracy to avoid filing corrections later
2. Understand Filing Requirements
- Do you know which vendors require 1099s? If not, we’ve got you covered—reach out, and we’ll help clarify any uncertainties.
- Read our 1099 informational article here – https://michaelsilver.com/get-on-track-now-for-the-2024-1099-season/
3. Determine Your Approach
- Will you handle the 1099 filings in-house, or would you like us to prepare and file them for you?
By starting early, you’ll save time and avoid the last-minute rush. Be on the lookout for our email in January, outlining specific next steps and deadlines.
If you have questions or need assistance gathering data, please get in touch with our team at 847.982.0333. We’re here to help every step of the way.