Quickbooks Tip of the Month: November 2017

Dec 5, 2019 | Quickbooks

It’s time to update your Quickbooks 1099 vendor list.

Believe or not, the year is almost over and it is a perfect time to update your 1099, miscellaneous vendor list in QuickBooks. The IRS requires all 1099 vendors to provide to the payor a signed W-9 which is to be kept in the vendor file. QuickBooks offers a feature for setting up 1099 Vendors. If set up correctly, a simple report can be printed at year end for your accountant. If you prepare your 1099s and 1096 transmittal forms through Quickbooks, it can also be easily done. Maintaining a correct vendor EIN and address list helps eliminate the costs and stress associated with generating 1099 information at year-end. The steps for setting up a correct list are simple but require guidance. Please feel free to contact our office should you need help setting up the Quickbooks 1099 vendor list.

Subscribe to our Accounting, Tax and Business Insights Newsletter

Email Address:
Name(Required)
Privacy(Required)
This field is for validation purposes and should be left unchanged.
The Sunset of the Tax Cuts of 2017

The Sunset of the Tax Cuts of 2017

During the first Trump presidency there was a major change in how businesses and individuals were taxed, but that was not a permanent change. The Tax Cuts and Jobs Act of 2017 (TCJA) is scheduled to sunset in 2025 and, if it does, the regulatory framework will revert,...

read more
Getting Organized: 2024 Taxes

Getting Organized: 2024 Taxes

Happy 2025! This year we will again be implementing a deadline for all our individual tax return clients to provide us their tax documents in order for us to get our work completed by the original due date of April 15,2025. Please provide your tax documents no later...

read more