Year-End Payroll & 1099 Prep: How Entrepreneurs Can Finish the Year Right

As an entrepreneur, year-end isn’t just about wrapping gifts — it’s about wrapping up your books. Getting your payroll and 1099 forms ready before January saves stress, prevents penalties, and keeps your business compliant.

Why It Matters

The IRS requires all businesses that paid employees or contractors to file W-2s and 1099s. Starting early helps you verify information and correct errors before deadlines hit.

Your Year-End Checklist

1️⃣ Verify Employee & Contractor Info: Make sure names, addresses, and identification numbers are current. 

2️⃣ Reconcile Payroll: Match your payroll totals with your bookkeeping software or bank statements. 

3️⃣ Send Out W-9s: Anyone you paid $600 or more needs one on file before you issue 1099s. 

4️⃣ Plan for January Filing: Prepare now so you can submit W-2s and 1099s on time.

How JBH Financial Helps

Our team helps small business owners close their books, reconcile payroll, and prepare all the forms you’ll need for a clean transition into the new year.

Don’t wait until January — schedule your Year-End Payroll & 1099 Review now and finish 2025 like a pro.

-JBH Financial Services