Limited Company Accountants
                     Learn About Vendors And 
W9 Form With Limited 
Company Accountants!
If you are a business owner or a vendor you may be 
already aware of the W9 form. Business owners know 
the headache of handling all the important forms in 
the absence of their limited company accountant. 
Including the W9 form which is important, and every 
employee and vendor has to fill it out at the time of 
hiring.
What this form ensures is that the employee and 
vendors comply with the laws and regulations. To 
understand it let's dive deeper into the topic.
What Is A W9 Form?
The W9 form is the form that an 
employer/client files with the IRS each 
year. This form is almost one page long 
and requires some of your information. You 
will be asked to fill out your name address 
or in some cases social security number 
along with your taxpayer identification 
number.
What Is The Purpose Of This 
FoTrhme m?ain purpose behind this form is to create a 
document of the business relationship so that when you 
make an invoice you have the correct TIN.
Do you need a W9 form filed 
by your vendors?
Yes, it is a must that you get the W9 form filled out by your 
employees, contractors, and vendors. In short, for every business 
relation where you are the payor, you must get this form done.
Even the vendors who don’t have to perform backup withholding need 
to fill out this form even if they only fill in their payee code and leave 
other fields blank. They have to do this to form a vendor relationship 
and to make it easy to file taxes.
Are There Any Exceptions To This 
Rule?
Yes, there is an exception when it comes to foreign 
vendors. They are not eligible to fill out the W9 form 
which is why they have to fill out the W-8 form instead.
Do You Need To Renew The W9 
Form?
Usually, you will be able to use the form from year to year but there 
are scenarios where you might need to get a new one. For example, in 
case the employee changes their last name.
The scenarios in the case of individual/ independent vendors vary a 
bit. In their case, there could be many reasons for getting a new W9 
form for example- if they change their business address or if they go 
to some other company and get a new TIN.
Is There Any Reason Why A 
Vendor Might Need This 
InTfhoe ornlmy poasstiblieo renaso?n why a vendor might need such information 
from you is simple. They will need this information if you are buying 
or selling goods for them. Sometimes vendors ask for this information 
just for the sake of getting their employer’s identification. But if there 
is no use of such information you can refuse to give your personal 
Wainfnormt aTtioon. Learn More About The W9 
Form?
If you are curious to learn more about the process but don’t 
understand it even after reading the details thousands of 
times then you can talk with an expert. For example 
Accountants Birmingham.
Conta
ct 
Detail
s
If you are looking for expert accountants to 
help you with your business then you can 
contact us at (02476) 017-778 or write us an 
email at [email protected].
Thanks For 
Watchiing