ROCK HILL, SC / ACCESSWIRE / January 4, 2021 / With the 1099 deadline approaching on February 1, 2021, TaxBandits is here to assistance businesses navigate the adjustments to IRS filing for the 2020 tax 12 months. With the introduction of Type 1099-NEC, the many changes to the quarterly work Variety 941, and the repurposing of the Form 1099-MISC, little organizations have a great deal on their plate this tax time.
TaxBandits is an IRS authorized e-file company that is intended to streamline the submitting course of action for enterprises of all sizes. One particular of the major challenges for smaller businesses this 12 months will be the changeover to applying the Sort 1099-NEC to file nonemployee compensation. Numerous modest firms will be required to file this sort for their impartial contractors and freelance personnel.
To support enterprise house owners file their 1099s swiftly and effectively, they have the choice to use the TaxBandits Bulk Add function. This allows consumers to upload their impartial contractors’ particulars all at once using our template, alternatively than manually coming into each and every a single.
To help enterprise proprietors entire their 1099s precisely and on time, TaxBandits has extra a characteristic that allows customers to routine their sorts in advance of the deadline. After the 1099 Variety is comprehensive, the person can routine it for transmission in advance of the deadline, in the meantime if they have to have to make corrections to the type, they can simply pause, edit, and reschedule. This assists guarantee right kinds and eliminates the problem of forgetting to file.
When it arrives to recipient copies, TaxBandits offers options to fulfill the requires of their personnel. With the postal mailing option, TaxBandits prints and mails all of the employee/recipient copies, performing USPS validations to be absolutely sure just about every duplicate goes to a valid handle.
There is also an on the internet obtain solution. Business owners can grant their impartial contractors access to the TaxBandits safe portal. In change, the unbiased contractors can login to see and down load their forms at any time, from any where. This is a good option for compact enterprises that are functioning remotely.
In addition to submitting Forms 1099 with the IRS, several states call for this type to be submitted with their condition company as nicely. TaxBandits presents condition filing, so that enterprise house owners can manage their federal and point out tax compliance from one particular inclusive application.
When questioned about the impending tax time, CEO and Co-founder Agie Sudaram mentioned, “2020 has been a hard yr for enterprises, and the modifications to calendar year-conclusion tax 1099 filing keep on to include to that challenge. TaxBandits is below to streamline the procedure, supplying time-preserving functions at an economical price stage.”
TaxBandits is an IRS licensed e-file provider centered about an accurate, simplified, and secure customer expertise. TaxBandits will allow for the streamlined print, mailing, and e-filing of around 70 IRS Tax Types. Utilizing TaxBandits clients can easily file W-2 Forms, 1099 Kinds, Payroll Varieties 940 and 941 as perfectly as ACA Sorts. TaxBandits makes sure IRS compliance by offering the two federal and condition submitting selections. With Innovative API Integrations and White Label possibilities, TaxBandits presents a customizable remedy for businesses of all sizes.
SPAN Enterprises, the creator of TaxBandits, is an marketplace leader of options for IRS tax filing and the transportation field. Situated in the coronary heart of downtown Rock Hill, South Carolina, SPAN proves that big thoughts can increase in a little city. With current Company Administration Computer software such as TruckLogics and Unitwise and new additions like ACAwise and PayWow, SPAN Enterprises is at the forefront of impressive programs. Study extra at http://www.spanenterprises.com.
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