Confused about 1099s? You’re not alone! In this episode, we’re breaking down everything small business owners need to know about 1099-NECs. Learn who needs a 1099, when to issue them, and how to avoid costly mistakes that could lead to IRS penalties. We’ll also cover why you need W-9s from contractors, the difference between employees and contractors, and how to keep your bookkeeping organized to simplify the process. Plus, discover key exceptions for corporations and overseas contractors and tips to make 1099 season stress-free.
Whether you’re new to business or just want to ensure you’re doing things right, this episode is packed with practical advice to help you stay compliant and confident. Tune in to master 1099s like a pro!
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