What is a W9 and why we collect it
A W-9 is an official term usually titled “Request for Taxpayer Identification and number certifications” This form provides the collector the info needed to fill out the 1099 for the IRS.
What to collect from your Subcontractor
Businesses often hire subcontractors to perform specific duties for their business. In doing so there are certain things you should be collecting from these individuals or businesses to help ease the burden of tracking for 1099s, workers compensation insurance audits and even protecting you against legal ramifications.