On the heels of reporting season and with new withholding certificates expected, it is a great time to start preparing or refreshing your Process and Procedures guide.
A Process and Procedures guide is going to be your first line of defense in the event of an IRS audit. With the draft Form W-8EXP released and a new Form W-9 expected, now is the time to document how you are complying with your information reporting and withholding requirements and how you will continue to evolve with IRS changes and requirements.
To find out more on why you need a Process and Procedures Guide and what information it should include, watch the video below!
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