TaxBandits Now Integrates With Xero For Seamless W-9 Management

With Leading IRS E-filing Applications, TaxBandits, Xero Clients Streamline Their W-9 Management Process By Seamlessly Importing Vendor Information

ROCK HILL, SC / ACCESSWIRE / October 6, 2023 / As a leading, IRS-authorized e-file provider, TaxBandits is excited to announce a W-9 integration with Xero. This integration will establish a seamless process for collecting, managing, and storing information from vendors, independent contractors, and gig workers that Xero clients engage with throughout the tax year. This enhancement not only ensures accurate e-filing of 1099 forms at year-end but also further streamlines the process.

TaxBandits has introduced an innovative system for electronic W-9 request, collection, and storage, enabling their clients to eliminate the time-consuming administrative processes associated with traditional paper-based W-9 collection.

TaxBandits adds another level of ease and consistency to this process with their new W-9 integration option with Xero. This integration allows Xero clients to unlock a powerful tool for vendor management and arm themselves with correct information in plenty of time to meet their year-end 1099 filing requirements.

When asked about this new integration option, Agie Sundaram, the CEO and Co-founder of SPAN Enterprises (TaxBandits' Parent Company), responded by stating, "We are excited to introduce another opportunity for our clients to enhance and streamline their IRS e-filing and tax compliance process. Our software is designed to create a seamless e-filing experience with world-class features and the Xero integration is an excellent value addition."

In addition to the ease of vendor management and W-9 collection, this integration also simplifies the 1099 e-filing process at the end of the year.

An Overview of the Process

1. Clients sign in to their TaxBandits account and navigate to their Form W-9 dashboard.

2. They select the Xero Integration option when adding a new W-9 Form.

3. The client then follows the prompts to import their business/vendor information directly from Xero to TaxBandits.

4. The client reviews the vendor's names and email addresses and sends the W-9 requests to their vendors.

5. As vendors respond to the email and complete their W-9 via a secure portal, the client can easily track the process from their Dashboard. TaxBandits provides a status for every stage of the process from the time the request is sent until the W-9 is collected.

6. The client can review and approve the W-9 form that their vendor completed and the information will be stored securely in the TaxBandits account.

Year-End Benefits of Collecting Form W-9

At the end of the year, clients can easily track their vendor information from TaxBandits and use this information to generate and e-file Forms 1099-NEC, 1099-MISC, 1099-K, and more with the IRS and state(s) as needed to maintain compliance. After transmitting 1099 Series Forms, TaxBandits clients can also distribute their recipient copies with ease and accuracy. TaxBandits offers both Postal Mailing and secure Online Access to form copies.

TaxBandits is available in the Xero App Store here. To learn more about TaxBandits, visit taxbandits.com.

CONTACT:

Stephanie Glanville
Marketing Manager, TaxBandits
stephanieglanville@spanenterprises.com

SOURCE: TaxBandits

View source version on accesswire.com:
https://www.accesswire.com/790862/taxbandits-now-integrates-with-xero-for-seamless-w-9-management