Make 1099 Filing Easy Step-by-Step Guide for Small Businesses & Nonprofits. скачать в хорошем качестве

Make 1099 Filing Easy Step-by-Step Guide for Small Businesses & Nonprofits.

1099 season doesn’t have to be stressful! In this video, we’ll show you how to stay ahead of January’s paperwork crunch with simple tips for tracking vendors, organizing W-9s, and using QuickBooks to make tax time smooth and stress-free. Whether you’re a small business or nonprofit, these bookkeeping best practices will help you skip the scramble and stay compliant all year long. 𝑵𝒆𝒆𝒅 𝒕𝒐 𝒌𝒏𝒐𝒘 𝒘𝒉𝒐 𝒈𝒆𝒕𝒔 𝒂 𝟭𝟬𝟵𝟵? 𝑪𝒉𝒆𝒄𝒌 𝒐𝒖𝒕 𝒐𝒖𝒓 𝒃𝒍𝒐𝒈: 𝗵𝘁𝘁𝗽𝘀://𝘄𝘄𝘄.𝗯𝘂𝗱𝗴𝗲𝘁𝗲𝗮𝘀𝗲.𝗯𝗶𝘇/𝗯𝗹𝗼𝗴/𝗵𝗼𝘄-𝘁𝗼-𝗯𝗲𝘁𝘁𝗲𝗿-𝗽𝗿𝗲𝗽𝗮𝗿𝗲-𝗳𝗼𝗿-𝟭𝟬𝟵𝟵-𝘀𝗲𝗮𝘀𝗼𝗻 Key Takeaways: • Set up 1099 tracking in QuickBooks early • Collect and store W-9s efficiently • Use QuickBooks Attach for easy document access • Review data before year-end • File easily using Tax1099.com or outsource to BudgetEase BudgetEase is a bookkeeping service in Cleveland that helps take the pain out of bookkeeping by providing part-time services to small businesses. Whether you need an outsourced bookkeeper to fill a permanent or temporary role, or just need to have your QuickBooks reviewed, our talented team of experts can help. TRANSCRIPT: Hey, welcome to the BudgetEase Broadcast. Let's talk about something that sneaks up on small businesses and nonprofits every single year — January. It’s 1099 time! If last year you found yourself frantically emailing vendors for missing W-9s while muttering “never again,” good news — this year you can skip the scramble. Here’s how to make 1099s smooth, simple, and dare I say, stress-free. If you need to know who gets a 1099, check out our blog — the link is below in the comments. So, what do you do? Start by setting up 1099 tracking in QuickBooks. It’s a small switch in your settings, but it makes a big difference. From day one, your bookkeeping service can start capturing the right data — no backtracking required. Next, get organized with vendor information. As soon as you get a W-9, plug those details into the vendor’s profile under Tax Settings. Then, use QuickBooks’ Attach feature to store the W-9 right there. No more inbox archaeology come January! If you’re manually issuing 1099s, attach a copy to each vendor’s profile. That way, when someone inevitably asks for a reprint next year, you’ll be ready — zero drama. Before year-end wraps up, run a review using the 1099 Wizard in QuickBooks. It’ll flag missing info so you can fix it now, not in a panic later. And don’t forget — non-employee compensation goes on Form 1099-NEC, not 1099-MISC anymore. If you’re filing by mail (which we do not recommend), make sure you’ve got the right forms and envelopes. We recommend using Tax1099.com instead — or better yet, outsource it to someone who does. That’s where BudgetEase comes in. Whether you need QuickBooks catch-up, reliable bookkeeping service, or just want someone else to chase those W-9s down, we’ve got you covered. Because let’s be honest — scrambling in January is not a growth strategy. Hey, thanks for joining us for this BudgetEase Broadcast. I hope you found this information helpful, and we look forward to having you join us for the next one.