Cloud Bookkeeping will manage your vendors inside of QuickBooks™ software, and every month we will identify new vendors who may be subject to receipt of a 1099.
We will request W9 information from you to maintain accurate up-to-date information inside your QuickBooks™ Online software. This effort helps get the 1099’s out to your vendors in a timely manner at the end of the year.
Cloud Bookkeeping can help ensure you have the correct information for preparing a 1099. You will be protected from the requirement to withhold income tax from vendors who do not provide this information to your organization. Maintaining documentation that supports your worker classification will also help if you are ever audited.