ATLANTA--(BUSINESS WIRE)--Nov 6, 2024--
Sovos, the always-on compliance company, today announced the launch of 1099 Professional, a new solution designed to simplify tax information reporting for small and medium sizes businesses (SMBs). 1099 Professional expands Sovos’ comprehensive tax information reporting portfolio, offering 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-sizes businesses,” said Alice Katwan, president of revenue, Sovos. “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 up to several thousand forms. Offering comprehensive capabilities including IRS eFile, print and mail services, 1099-NEC direct-state reporting and Form 1042 Modernized eFile reporting, users can handle their 1099 reporting needs with confidence. This solution also features built-in bulk and real-time TIN and name matching, ensuring data accuracy and regulatory compliance. 1099 Professional helps businesses ensure accurate reporting the first time, every time, 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, eCommerce, 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.”
The latest release further expands Sovos’ growing portfolio of compliance solutions tailored for the SMB market. In addition to tax information reporting, Sovos' eCommerce solutions cover unclaimed property, tax identity management and indirect tax. With a comprehensive range of solutions, Sovos continues to deliver its commitment to providing seamless compliance for businesses of all sizes.
1099 Professional offers flexible plans based on form volume and can be purchased with a credit card, providing immediate access to the software. New users can also try the software risk free with a 7 Day free trial.
About Sovos
Sovos is transforming tax compliance from a business requirement to a force for growth. Our flagship product, the Sovos Compliance Cloud platform, enables businesses to identify, determine, and report on every tax obligation across the globe. Sovos processes 16 billion+ transactions per year, helping companies scale their compliance strategy in almost 200 countries.
More than 100,000 customers – including half the Fortune 500 – trust Sovos’ tax and regulatory expertise and unparalleled integration with their business applications. Learn more at sovos.com.
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CONTACT: Media
Ed Kraft
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KEYWORD: GEORGIA UNITED STATES NORTH AMERICA
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SOURCE: Sovos
Copyright Business Wire 2024.
PUB: 11/06/2024 08:00 AM/DISC: 11/06/2024 07:59 AM
http://www.businesswire.com/news/home/20241106603117/en
