Tax time is well under way, but not over for everyone. In fact, tax time is something to consider throughout the year with its variety of filing deadlines, extensions and new regulations. As a business owner myself working closely with small business owners, freelancers and startups, it doesn’t hurt to refresh some of the basics and their importance.
As a business professional, you’re likely required to submit a W-9 form to receive payment from a customer. In addition, you also need to request this form from your vendors for any payments you provide. This form is many times part a larger group of required vendor forms, including vendor application—gathers required biographical data of the business— and certificate of insurance request.