Four Benefits of Automating Your 1099s

A 1099 tax form can be a hassle for your finance team. The old way of preparing it requires a lot of time and manual work, which can lead to mistakes. 1099FIRE’s automation & software for 1099 forms simplify the process by automating data collection, improving accuracy, and making e-filing quick and easy—saving your team valuable time.

1. Data validation and Reporting

Manually handling 1099 reports can be time-consuming and prone to errors, as it requires creating reports and updating vendor data one by one. With automation, vendor information is gathered automatically, allowing you to update all vendors at once instead of making changes individually.

An automated 1099 process also makes it easy to request updated details, such as address changes or W-9s, directly from vendors through the system. This ensures your records are accurate and helps prevent issues when filing at the end of the year.

Additionally, not all vendor transactions need to be included in a 1099. Our solution helps you quickly review and select the relevant transactions, ensuring accurate and compliant filings.

2. Improved Data Accuracy

By automating data entry and balance updates, you reduce the chances of mistakes and improve accuracy when filing. Automated TIN validation with the IRS helps prevent issues later, cutting down on back-and-forth with vendors. This makes the year-end filing process much smoother and less stressful for your team.

3. Simplified e-filing

E-filing your 1099s saves you the trouble of printing forms, stuffing envelopes, and mailing them. It also means you don’t have to file Form 1096 with the IRS, and you get extra time to e-file until the end of March. Our tool integrates with Tax1099.com, allowing you to file everything online in one go. Plus, you won’t have to worry about lost mail—your digital receipt confirms your filing is complete and on time.

4. Save Time

Rushing to file 1099s at the end of the year can be stressful and time-consuming. But with automation, that last-minute scramble disappears. Your data is organized in easy-to-use reports, allowing you to quickly review, fix any issues, and file with just a click.

You can reduce year-end stress even further by preparing reports throughout the year instead of waiting until the busy holiday season. This way, your finance team isn’t overwhelmed with deadlines and can focus on planning for the future.

With 1099FIRE software’s filing 1099s no longer have to be complicated. Save time, improve accuracy, and build better vendor relationships with a smooth and efficient process.

Say goodbye to last-minute hassles and hello to simple, stress-free filing!