Using a 1099 e-file service is the perfect way to streamline your business dealings at the end of the year. Filing paper returns may be less expensive in theory, but once you factor in the extra time it takes for paper filing, the cost savings tend to go in the other direction. Especially for a company of any size that has to file for more than just one or two payees. Submitting electronically will reduce the amount of time you spend poring over forms and ensuring everything is in the right place.
Details about Reducing Your Paperwork
The clearest advantage to using a 1099 e-file service is an extreme reduction in paperwork. First of all, you no longer have to file the form 1096. For those who don’t already know, form 1096 is a summary form that shows in one place the totals of different reporting documents that your business issues. The form 1096 still must be filed for other reporting forms, such as the W2-G and form 1098. And know that if the form 1096 is not submitted in a scanned form in the original red print, the IRS may fine your business $50 for each form 1096 that is in the incorrect format. If your business generates over 250 1099s in one year, you are required to e-file that information anyhow. Thus, the best plan is to have software support in place for your forms filing before your business expands to take on more independent contractors.
Our 1099 E-File Service Software
Forms filing software is an important business resource for firms of all types and sizes. The software from Advanced Micro Solutions (AMS) is easy enough to use for small business owners who take care of their own accounting needs, but it’s also powerful enough for professional accountants with a roster of clients and for larger businesses that may have their own in-house accounting departments.
Arguably, here’s the best part about our e-file software solutions: AMS offers two distinct options for e-filing your tax forms. Rather take care of your own e-filing? Purchase our E-File Direct module and you can file an unlimited number of forms directly with the IRS. Rather have a third-party take care of this task for you? We’ve partnered with an e-filing software service that charges per form and based on exactly which e-filing and mailing service package makes the most sense for your business.
Our Base Forms Filing Software
Indeed, a lot of clients recognize the value of preparing and managing the data on their applicable filing forms, regardless of whether or not they plan to do the e-filing on their own as well. Our base software solution, the W-2/1099 Forms Filer, will keep your records in order just in case the IRS requests additional information or conducts an audit. If not for the 1099 e-file service, consider using it to keep track of who you pay for goods and services and when. Good documentation also goes a long way when it comes to proving your company’s success to future investors.
This software solution offers a range of data entry, reporting, printing, and security features for your forms filing needs. It also provides sophisticated module interaction so you can add extra software features to your business solution, including our 1099 e-file service options. Download our software demo or talk to our Sales and Information team at (800) 536-1099 to learn more about what our software has to offer your business.