ROCK HILL, SC/ ACCESSWIRE/ May 25, 2023/ TaxBandits, an industry-leading e-file service provider of payroll and work tax return has actually presented a combination with Zoho Books to use customers a structured 1099 e-filing procedure. Numerous tax experts and company owner utilize accounting software application like Zoho Books, for that reason the combination enables them to import essential details to their TaxBandits account to produce and file 1099-NEC and 1099-MISC kinds.
Type 1099-NEC
This 1099 type is utilized to report all non-employee settlement to the IRS. Non-employee settlement describes payments that a service makes to an independent specialist, freelance employee, or supplier. Kind 1099-NEC need to be submitted with the IRS and a copy need to be dispersed to the receivers of the payments.
Kind 1099-MISC
The Kind 1099-MISC is utilized to report various payments made by the organization throughout the tax year to the IRS. Some examples of various payments consist of however are not restricted to leas, rewards, royalties of $10 or more, and fishing boat profits. In addition to reporting these payments to the IRS on 1099-MISC, business needs to likewise provide the recipient with a copy.
Advantages of the Zoho Books Integration
When completion of the tax year happens, services and tax specialists should report specific kinds of payments made throughout the year utilizing the Kind 1099 series for IRS types.
With TaxBandits, Zoho Books customers can quickly import this info for Forms 1099-MISC and 1099-NEC.
This removes the requirement for laborious manual entry and increases the precision and performance of the filing procedure. TaxBandits likewise uses an integrated Audit function that examines kinds for mistakes utilizing the IRS Business Rules.
Check out https://www.taxbandits.com/form-1099-series/integrations/zohobooks/ to understand more.
Extra Solutions from TaxBandits
In addition to easy e-filing services, TaxBandits has a total service for conference IRS requirements. TaxBandits customers can make the most of simple alternatives for dispersing recipient copies of the types the file. TaxBandits manages the printing and postal mailing of recipient copies from a SOC 2 Certified printing area. Customers can likewise choose to provide their receivers online Tax Return Access through a protected website.
When inquired about the brand-new combination with Zoho Books, Agie Sundaram, the CEO and Co-founder of SPAN Enterprises, the moms and dad business of TaxBandits specified, “This brand-new combination is amazing for the TaxBandits group and a terrific advantage for our customers. We are offering them with another exceptional tool that improves the e-filing procedure. We are constantly concentrated on boosting the TaxBandits consumer experience and this combination is another method to achieve this.”
Develop a complimentary account today and start submitting at www.taxbandits.com
About TaxBandits
The 1099 and W-2 specialists! TaxBandits is a SOC 2 Certified, IRS-authorized e-file company of 1099 Form Type W2 1095-B 1095-C 940 941and Type W-9serving companies, provider, and tax specialists of every sizes and shape.
The TaxBandits API offers a thorough electronic filing service to all provider, making it possible for smooth processing of Forms 1099, W-2, 941, 940, and W-9. See https://developer.taxbandits.com/ to understand more.
About SPAN Enterprises
Based in Rock Hill, South Carolina, SPAN Enterprises has actually been establishing industry-leading software application options for IRS e-filing and company management tools for over a years.
The SPAN Enterprises portfolio of items consists of TaxBandits, Tax990, ACAwise, ExpressExtension, 123PayStubs, and TruckLogics.
For any media questions, please connect to Stephanie Glanville, Content Writer at [email protected]
SOURCE: TaxBandits
TaxBandits Now Integrates With Zoho Books For Simplified 1099 E-filing posted first on https://www.twoler.com/
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