Certain vendors providing services to your business need to be issued 1099s. In order to issue 1099s you need information from the vendor and to keep track of all payments issued to them along with the methods of payment. We take care of this for you with our 1099 Vendor Tracking and Filing Service. You can add this service to your monthly bookkeeping, we track the payments to each vendor and help you collect the information you need for each vendor to stay compliant. If you have a vendor that refuses to provide information we help you navigate the legal requirements. After your year end books are finalized we issue 1099s on your behalf and file them with the IRS. These 1099s are included with your tax information so your tax accountant has a record in the event they are requested by the IRS.
Pricing is $75 per month for up to 50 vendors. Additional 1099 capacity can be added at $75 per month for each additional 50 vendors.