ONYX Bookkeeping

Questions about Business Insurance? How do you know if you've got the right coverage?
There is a free event about it at the Bend Downtown Deschutes Public Library by SCORE on Monday, March 10th at 5:30pm.

WORKSHOP OVERVIEW

In this engaging 1-hour presentation and workshop, you'll learn the essential strategies for protecting your business with effective insurance coverage.

From understanding the types of insurance your business may need, to avoiding common pitfalls, this session will empower you to make informed decisions about your risk management needs.

Whether you're a seasoned entrepreneur or just starting out, you'll leave with actionable insights, solutions, and tools to ensure your business is prepared for the unexpected.

(Lite Refreshments will be provided)

Registration Link: https://www.score.org/centraloregon/event/how-effectively-insure-your-business

Pro tip: It's WAY easier to get a W-9 from your vendor if you ask that they submit it with their invoice [before you pay] rather than trying to scramble in January to get documents from a list of people you may have paid a year ago.

Whether or not you need to submit a 1099 with that info from their W-9 depends on several factors and it can be a little confusing. For example, Corporations don't need a W-9, unless they're a law office. Single member LLC's do need a W-9, but not if they've elected to be taxed as an S-corp. The person you pay for your office space needs to be issued a different type of W-9 than the business that you pay for cleaning services. The payment method you use also determines whether or not you even need to issue a 1099 at all. I could go on and on... but I won't. :)

I think now you might understand why business owners and self employed people choose to have someone else handle their 1099 filings.

If you have absolutely no clue what I'm talking about, and you're self employed or own a small business, feel free to message me.

-Alisha