QuickBooks Certified ProAdvisor - QuickBooks Online Certification

Form 1099 Help

To be proactive in looking ahead to 2013 filing of 1099s (see filing and preparing rule details here) we wanted to pass along some helpful information on what you can do to make our job more efficient and in turn more cost effective for you.

  1. It is important to gather 1099 information from new vendors prior to payment of their services.
  2. Use Form W-9 for vendors to fill out in order to receive their check (you can access it here).
  3. The following services are the most commonly required to receive 1099s :
    1. Rental Income
    2. Legal Fees
    3. Contract Labor
    4. Vendors performing services such as Repairs and maintenance
    5. Professional fees
  4. QuickBooks can be set up to have all necessary information entered when received under the vendor input screen.
  5. Enter as “Vendors”, not customers, other, or employees. The 1099 reports are generated only from vendor transactions.
  6. Only enter person as an employee if receiving payroll checks and paying payroll taxes.  Do not include contract laborers as employees.
  7. Online QuickBooks must be upgraded to Online Plus to allow vendor 1099 input and reports. As a QuickBooks ProAdvisor we able to extend a 25% discount off the regular rate to $39.95.

The more information you can collect and input throughout the year, the faster we can complete the filing of the 1099s instead of our firm having to track down all this information last minute thus costing you more money.

If you have any questions or would like us to help show you how to use your QuickBooks more effectively, please give us a call.

Thank you for letting us provide you our services.  We look forward to continuing to assist you.