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Understanding W-9 Forms: A Comprehensive Guide

oAppsNet

Heres how businesses typically use these forms: 1099 Preparation : The information on W-9 forms is used to prepare the 1099, which reports payments to non-employees. Incomplete Fields : Double-check that all required fields are filled out correctly. These forms are filed with the IRS and sent to recipients.

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14 Best Software for Accounting and CPA Firms (2024 Edition)

Jetpack Workflow

This easy-to-use, straightforward platform automates payroll runs and compliance tasks, such as payroll tax filing and year-end W-2 and 1099 preparation. Online self-service provides employees lifetime access to their pay stubs, eliminating the need for your firm to prepare and send out paper copies each payroll run.

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What’s new in Xero – September 2024

Xero

All US users can now access sales tax reports that are automatically generated by state and by filing period with filing deadlines, saving you time in preparing to file reports and simplifying sales tax management. Click on the Accounting tab within Xero to get started.

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New features announced at Xerocon Nashville

Xero

We’ve also revamped the workflow for completing W9s, making it easier for vendors to fill them in and return them faster, making 1099 preparation more seamless. Expanded state-based sales tax reporting [US]: You’re now able to generate sales tax reports for every state and filing period automatically.

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The best reconciliation software and tools in 2023

Nanonets

Features: 1099 preparation: Simplify the process of preparing and filing 1099 forms for independent contractors and vendors. Additionally, the software offers users real-time insights into their cash position, empowering them to make well-informed decisions in a timely manner.