Every year, new 1099 reporting requirements are added and multiple regulatory changes occur. In addition to changes at the federal level, state 1099 reporting is coming under increased focus as states look to shore up revenue shortfalls. These changes and additional reporting responsibilities usually mean additional work for businesses and that is added to the already stressful first months of every year. Are you wondering where you will find the time to comply with all of your 1099 reporting responsibilities?
Are you worried that you will put the organization at risk through non-compliant filings? If you answered yes to either of these questions, AvaTax 1099 may be the perfect solution for you.
Take a look at some of the key features designed to meet the Accounts Payable department’s needs:
- Provides real-time TIN verification
- No IT involvement required
- Intuitive, easy-to-navigate interface
- Built-in W-9 and B-Notice remediation processing
- Includes print and mailing
- Five easy steps and you’re done
Helping A/P departments with the reporting burden.
AvaTax 1099 provides Accounts Payable departments with a turnkey solution to 1099 reporting. Because it is web-based, you will no longer need to purchase, install, integrate or operate software for 1099 reporting every year.
With automatic updates and guaranteed compliance, AvaTax 1099 streamlines the work required for this non-value added chore and allows you and your team to spend more time on core business activities. Not only will your team be able to address other needs, but using the AvaTax 1099 service will also ensure accurate and compliant efforts, avoiding unnecessary penalties.
Get it right the first time: Real Time TIN validation.
It’s a simple fact that most bad TIN information is added to a company’s data when vendor accounts are opened. But what if you could check the information before a vendor becomes a new record in the system? Perfection, right? With the AvaTax 1099 Real Time Bulk TIN Validation tool, you are able to proactively discover invalid TIN/Name combinations before filing, simply with the click of a button. When TINs are in question or invalid, AvaTax 1099 also has an automated built in W9 and B-Notice solicitation process to send letters requesting the correct information from the vendor and satisfy the IRS timeline for correction and refiling.
Easy to learn, easy to use.
Because filing season is already so complicated, we created a service that is easy to learn and use. We also integrated tools that quickly allow you to complete all of the necessary steps required to file without error or complication. The Smart ImportSM feature automatically maps source data to your forms and accepts both Excel and 1220 files. Dashboard monitoring tells you what you need to do and provides status updates for your activities so you have confidence the required process is being followed. The Print, Mail and Transmit services are all included within the service so you don’t have to transfer data to another source system to complete the process.
In addition to offering a seamless process, AvaTax 1099 requires no IT support or effort for the regular compliance updates. It is the first and only web-based product in the market.