TaxBandits Now Integrates With Zoho Books For Simplified 1099 E-filing
ROCK HILL, SC / ACCESSWIRE / May 25, 2023 / TaxBandits, an industry-leading e-file provider of payroll and employment tax forms has rolled out an integration with Zoho Books to offer clients a streamlined 1099 e-filing process. Many tax professionals and business owners use accounting software like Zoho Books, therefore the integration allows them to import necessary information to their TaxBandits account to generate and file 1099-NEC and 1099-MISC forms.
Form 1099-NEC
This 1099 form is used to report all non-employee compensation to the IRS. Non-employee compensation refers to payments that a business makes to an independent contractor, freelance worker, or vendor. Form 1099-NEC must be filed with the IRS and a copy must be distributed to the recipients of the payments.
Form 1099-MISC
The Form 1099-MISC is used to report miscellaneous payments made by the business during the tax year to the IRS. Some examples of miscellaneous payments include but are not limited to rents, prizes, royalties of $10 or more, and fishing boat proceeds. In addition to reporting these payments to the IRS on 1099-MISC, the business must also furnish the recipient with a copy.
Benefits of the Zoho Books Integration
When the end of the tax year comes around, businesses and tax professionals must report certain types of payments made throughout the year using the Form 1099 series for IRS forms.
With TaxBandits, Zoho Books clients can easily import this information for Forms 1099-MISC and 1099-NEC.
This eliminates the need for tedious manual entry and increases the accuracy and efficiency of the filing process. TaxBandits also offers a built-in Audit feature that checks forms for errors using the IRS Business Rules.
Visit https://www.taxbandits.com/form-1099-series/integrations/zohobooks/ to know more.
Additional Solutions from TaxBandits
In addition to simple e-filing solutions, TaxBandits has a complete solution for meeting IRS requirements. TaxBandits clients can take advantage of easy options for distributing recipient copies of the forms the file. TaxBandits handles the printing and postal mailing of recipient copies from a SOC 2 Certified printing location. Clients can also opt to give their recipients online Tax Form Access through a secure portal.
When asked about the new integration with Zoho Books, Agie Sundaram, the CEO and Co-founder of SPAN Enterprises, the parent company of TaxBandits stated, "This new integration is exciting for the TaxBandits team and a great benefit for our clients. We are providing them with another excellent tool that streamlines the e-filing process. We are always focused on enhancing the TaxBandits customer experience and this integration is another way to accomplish this."
Create a free account today and begin filing at www.taxbandits.com.
About TaxBandits
The 1099 and W-2 experts! TaxBandits is a SOC 2 Certified, IRS-authorized e-file provider of 1099 Form, Form W2, 1095-B, 1095-C, 940, 941, and Form W-9, serving businesses, service providers, and tax professionals of every shape and size.
The TaxBandits API provides a comprehensive electronic filing solution to all service providers, enabling seamless processing of Forms 1099, W-2, 941, 940, and W-9. Visit https://developer.taxbandits.com/ to know more.
About SPAN Enterprises
Based in Rock Hill, South Carolina, SPAN Enterprises has been developing industry-leading software solutions for IRS e-filing and business management tools for over a decade.
The SPAN Enterprises portfolio of products includes TaxBandits, Tax990, ACAwise, ExpressExtension, 123PayStubs, and TruckLogics.
For any media inquiries, please reach out to Stephanie Glanville, Content Writer at stephanie@spanenterprises.com.
SOURCE: TaxBandits
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