61: What A W9 Form Is And Why You Should Be Requesting Them Now Whether You Are Starting A Business, You‘re Self-Employed, A Solopreneur, Entrepreneur, Business Owner, Bookkeeper Or Virtual Assistant

2021-12-08

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Have you ever heard about the W9 form? It is an important form and more than likely, you’ve either had a request for this form, or you yourself may be requesting them from your vendors. This form is used to collect information about others but knowing in advance that you need to request this information will not only save you valuable time, but it will also give you the information you need to file necessary and accurate documents for your business as well. In today’s episode, I am covering what the W9 form is, who you need to request them from and what you need to do with the information once you receive it. It doesn’t matter if you are using a computerized software system like QuickBooks, Xero, Wave or FreshBooks, or if you are doing your bookkeeping manually with an Excel spreadsheet or even a Google Document, you will need this information for your business. Whether you are just getting started with your business, you are a self-employed, a solopreneur, entrepreneur, small business owner, remote virtual online bookkeeper, virtual assistant or VA, you need to know why this form will make an impact on you and your business. The W9 form is one of the first steps in the process for filing your 1099s and making sure you have this information can save you from getting penalties from delinquent filing requirements…

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