PALO ALTO, CA and FAYETTEVILLE, AR--(Marketwired - Jan 8, 2014) - Bill.com, the leader in integrated bill payment, invoicing and cash flow management solutions for businesses, and Tax1099.com, provider of proven tax filing solutions, today announced that they have teamed to simplify and automate the process of creating and e-filing 1099-MISC forms. Filing 1099s has historically been a data-intensive, error-prone and time-consuming process for businesses and accounting firms. Now, by integrating Bill.com data with Tax1099, customers can e-file 1099-MISC forms without any data entry or data file manipulation.
Tax1099, powered by TechAtlantis, has been the e-file provider of choice for more than 20,000 businesses that depend on its solution to create 1099s, e-file them with the Internal Revenue Service (IRS) and state tax agencies, and mail or e-mail them to recipients. Customers using the new, integrated Bill.com/Tax1099 solution have the added benefit that they can now create 1099s with their Bill.com data. They simply grant Tax1099 access to their Bill.com account(s). Tax1099 then imports Bill.com data automatically and securely, creating draft forms that customers review for accuracy. After examining the forms, customers direct Tax1099 to e-file them with tax agencies and to email or mail them to their payees. In addition to automating the e-file process, the integrated solution boosts accuracy, which greatly reduces the incidence of lost time associated with amending and e-filing corrected 1099s.
"Filing 1099s has always been a long and painful process, which is exacerbated by the fact that all forms must be sent to payees right after the holidays," said René Lacerte, founder and CEO, Bill.com. "We are pleased to team with a proven company like Tax1099 to streamline yet another financial process so that our customers can fulfill their reporting requirements quickly, easily and accurately."
The Bill.com and Tax1099 integrated solution:
- Eliminates manual data entry: With the solution, you have no data to input. Instead, all of the relevant Bill.com data to create and e-file 1099-MISC forms is imported to Tax1099 automatically.
- Reduces errors: With the combined solution the data flows from your Bill.com account to the Tax1099 application, rather than through manual data entry, thereby reducing the incidence of errors.
"Bill.com has made incredible strides towards simplifying financial transactions for businesses," said Sanjeev Kumar, CEO, TechAtlantis. "We are pleased to help extend the power of their solution to make a once arduous process simple and efficient."
The solution is available at https://www.tax1099.com/Protected/LandingPage. Starting Friday, January 10, Bill.com customers will be able to access the solution as an app in their Bill.com account. For pricing information, visit the Tax1099 website at www.tax1099.com.
About Tax1099.com and its Online Tax Product Offerings
Tax1099.com powered by TechAtlantis, Inc., is an IRS approved E-file provider for 1099 forms. It provides full service capabilities, including the import of data from accounting and business systems, the creation of 1099s, the e-filing of 1099s with tax agencies, and the delivery of 1099s to recipients. Tax1099 is an ideal solution for all businesses, including small and midsize businesses, large enterprises, accounting firms, CPA Firms, and third party filers requiring multiple company support.
Bill.com is the home of the fastest-growing business payments network in the nation, enabling 275,000 users to pay and get paid millions of bills worth billions of dollars. The Bill.com Business Payments Network™ brings businesses simple online bill payment, custom invoicing services, unlimited document storage, workflow collaboration, and the ability to access their back office from anywhere via any mobile device. Bill.com services easily sync to users' accounting software and online bank accounts to better control company financials while also guarding against errors and offering enterprise-class fraud protection that current methods cannot match. Bill.com serves customers through its direct, accountant and bank channels, bringing together people, systems and documents to redefine how business payments are made.