1099 reporting can be time consuming and frustrating. Just like manual sales tax management, it can carry a high audit risk and inaccuracies. Automating the 1099 process can help you increase compliance and reduce/eliminate penalties, all while cutting down on the time you spend filing, printing, and mailing every year.
While there are certain high-risk industries in the 1099 realm – including financial institutions, insurance companies, large retails, large manufacturers, franchises, and more – most any business who prepares 100+ 1099s and/or doesn’t have the proper tools in place to verify name and TIN info can benefit from automation.
AvaTax 1099 solution can alleviate the headaches that the 1099 season brings. Check out the following resources to learn how AvaTax 1099 can automate your 1099 process: