Easily Replace SNN Field to the Bookkeeping Contract

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How to Replace SNN Field to the Bookkeeping Contract

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hey im morgan from finepoints.biz and my goal is to help you get organized today im doing one of my very most requested videos and that is how to make a contract of employment for your bookkeeping business make sure you subscribe to my channel down below for a new bookkeeping video each week um so on this channel i suggest that you create your own business you create an llc and then you work as an independent contractor for different clients and that is a way for you to really diversify and then also for you to be in control of your business and i do definitely recommend um having some kind of contract or some people call it an engagement letter something that outlines for both you and your client what is expected and this can be really intimidating i know i totally understand that you know its like a legal document and youre kind of worried about it im gonna tell you all my tips and tricks and thoughts in this video im not gonna give you my contract that i use um i just didnt k

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What is the business version of SSN?

A tax identification number or TIN is the business version of a Social Security number, and small business owners often get TINs so they can conduct business and keep their personal finances separate from business finances.

What can I put instead of SSN?

You can use an EIN instead of an SSN on W-9. You are required to file a W-9 form with any company that pays your more than $600 per annum. The company files the IRS form 1099-MISC and sends you a copy. You are also allowed to file Form 1099-MISC with your SSN or an EIN.

Can SSN be reassigned?

A: No. We do not reassign a Social Security number (SSN) after the number holders death.

Can I use QuickBooks without SSN?

You can enter zeros as a temporary SSN. If your employee has a Tax Identification Number, or TIN, you can also use that.

What to do if your SSN has been used?

If you know your Social Security information has been compromised, you can request to Block Electronic Access. This is done by calling our National 800 number (Toll Free 1-800-772-1213 or at our TTY number at 1-800-325-0778).

How long before a Social Security number is reused?

Are Social Security numbers reused? No, the Social Security Administration (SSA) does not reuse numbers. It does not reassign a Social Security number (SSN) when the person holding that nine-digit combination dies. About 454 million SSNs have been used to date.

Can you have the same SSN as someone else?

The primary cause of two people having the same social-security number is someone using a number that is not theirseither identity theft or a typographical error. SSA states that it will issue a new number if it is assigned to more than one person (implying this can happen).

Can you get a new Social Security number after identity theft?

If you decide to apply for a new number, youll need to prove your identity, age, and U.S. citizenship or immigration status. For more information, ask for Your Social Security Number and Card (Publication Number 05-10002). Youll also need to provide evidence that youre having ongoing problems because of the misuse.

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