Penalties for incorrect information returns are going up. New form requirements for Affordable Care Act reporting arrive this tax season. Businesses that fail to collect and validate vendor information properly will face more scrutiny as the IRS works to close the tax gap. How can you protect your clients, keep them in compliance, and make them love you?
Comply with ACA reporting requirements
Collect and validate Payee identity
Offer E-delivered Payee statements in compliance with IRS rules
Process 1099 and other forms via the cloud
Vice President of Business Development
Ed Pratt is the Vice President of Business Development for Tech Atlantis, Inc., where he helps clients streamline their 1099 filing processes and develop vendor management programs.