To prepare 1099s for 2025, gather W-9s from all contractors, review payments of $600 or more, confirm which vendors require a 1099, verify tax IDs and totals, and file forms with the IRS before the January deadline. Start early to avoid penalties and ensure accurate reporting.

Maximize your tax deductions, avoid costly mistakes, and keep more of your hard-earned profits.

Here are some key tax tips to consider as you wrap up the year.

Franchise bookkeeping falling behind? Discover 5 signs it’s time to outsource your franchise accounting, from late books and tax stress to unclear profits and wasted time.