October 4, 2024

1099 Filing Checklist – Steps to Prepare for Tax Season

As the leaves start to turn and October settles in, many businesses are gearing up for what can feel like a never-ending tax season. While 1099 reporting may not be the most exciting task on your to-do list, it’s crucial to validate your records early and avoid last-minute scrambles. 5 Steps to Prepare for a... Read more »

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May 16, 2023

Why TIN Matching is Important for Your Business

Having the correct Tax Identification Number (TIN) is essential when filing W-2s, 1099s and ACA forms. This nine-digit number could be a Social Security Number (SSN), Employer Identification Number (EIN), Individual Taxpayer Identification Number (ITIN) or an Adoption Taxpayer Identification Number (ATIN). A SSN may only be obtained through the Social Security Administration, while the... Read more »

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May 15, 2023

Maintaining 1099 Reporting Compliance with Bulk TIN Matching

If your business has a large number of customers or vendors, then you are probably familiar with the challenge of maintaining accurate name and TIN information for 1099 tax reporting purposes. Collecting a W-9 during customer onboarding and doing a proactive real-time TIN and name check with the IRS database are solid best practices every organization... Read more »

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May 15, 2023

5 Reasons Your Business Should be Proactively TIN Matching

Improving the efficiency of financial operations while maintaining compliance is critical to the success of any growing business. One of the proactive steps that can help improve the efficiency and accuracy of your tax compliance is TIN Matching.  This simple but important verification process can have several significant benefits to your business. Here’s a closer... Read more »

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