Tax compliance solutions provider Sovos recently announced the launch of 1099 Professional, a new solution designed to simplify tax information reporting for small and medium-sized businesses (SMBs).
1099 Professional offers SMBs an intuitive software solution for the preparation, electronic filing, and print and mailing of 1099 and 1042-S forms.
“Tax information reporting requirements are evolving rapidly, creating new compliance challenges for small and medium-sized businesses,” Alice Katwan, president of revenue at Sovos, said in a statement. “With 1099 Professional, SMBs will have an accessible solution to address the complexities of 1099 reporting, ensuring easy, accurate, and compliant reporting across every transaction.”
1099 Professional is designed for businesses with hundreds to up to several thousand forms. Offering comprehensive capabilities including IRS e-file, print, and mail services; 1099-NEC direct-state reporting, and Form 1042 Modernized e-File reporting; users can handle their 1099 reporting needs with confidence, Sovos says.
1099 Professional helps businesses ensure accurate reporting while reducing time-consuming corrections, rework, and potential penalties.
“Our goal in adding 1099 Professional to our information reporting portfolio is to make tax reporting accessible and manageable for every SMB,” said Ryan Buma, vice president of e-commerce at Sovos. “1099 Professional stands apart from other services on the market by simplifying the entire tax information reporting process. Our intuitive software empowers organizations to effectively manage the complexities of compliance—reducing errors, minimizing effort, and mitigating risk every step of the way.”
1099 Professional offers flexible plans based on form volume and can be purchased with a credit card, providing immediate access to the software, according to Sovos. The company says new users can also try the software risk free with a seven-day free trial.
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Tags: Accounting, Small Business, Software, Taxes, Technology
