1099 tax filing isn’t as easy as it seems. However, it shouldn’t be that overwhelming either! With the right experts who know just what they are doing, 1099 filing should be a straightforward process at the end of the day.
Learn MoreWhy should you choose Monily’s experts to get that 1099 tax filing out of the way? Why not? We have years of experience with tax filing and understand just what the IRS is looking- for. We can ensure your filings are accurate and, most importantly, on time.
We support you in more ways than one. Apart from providing a top-notch 1099 filing service, we are also reliable in times when your business experiences difficulties relating to your books. If you are experiencing disorganized records, we can help you catch up!
Monily is your one-stop for a whole range of financial solutions. This isn’t just limited to 1099 tax filing services. Be it a single form you need to fill, or hundreds of forms you need managed, our 1099 filing service is designed to accommodate businesses of all sizes.
Getting on board and working with us is easy. We offer a user-friendly platform that makes 1099 tax filing pretty straightforward. All you need to do is upload your information and we will take care of the rest. No more wrestling with complicated software. We handle it all!.
We get you your money’s worth. With Monily, you can avoid costly penalties and errors. Our 1099 filing service is affordable and up to the mark. We also support you with transparent pricing and NO HIDDEN FEES so you can get the best value.
At Monily, we have the highest regard for security of your data. We use advanced encryption and state-of-the-art security protocols to protect your sensitive information throughout the tax filing process.
Easily upload your recipient details and payment information to our secure platform.
Our team generates your 1099 forms and files them directly with the IRS and your recipients.
Get confirmation of successful 1099 filings and rest assured that you're compliant with all tax regulations.
Monily’s experts can effortlessly manage 1099 filings for small business owners, such as e-commerce and SAAS startups. We can ensure compliance for your business in its early stages.
We also assist freelancers and independent business owners with our 1099 filing services. You can now lead your own 1099 tax filing process and ensure accurate reporting of your income.
Looking to master the 1099 tax filing process and guarantee compliance for yourself to avoid the expensive penalties? We can help you so you get more time to focus on your business.
What is 1099 tax filing and why do you need it?
1099 tax filing involves preparing and submitting Form 1099 to the IRS and payees. The 1099 form series is used to report various types of income other than wages, salaries, and tips. It is of the utmost importance for the IRS and taxpayers to ensure all types of income are properly reported and taxed.
Here are all the ways 1099 tax filing matters;
Legal Compliance
As a business, you are required by law to file 1099 forms to report different types of income. If you fail to file these forms you may incur penalties and interest from the IRS. Leaning on our experts to get that 1099 filing out of the way ensures you meet all compliance requirements.
Tax Prep
The 1099 form also makes tax preparation easier for both businesses and individuals. It ensures that all of the income you receive is accounted for which simplifies the end process of filing your annual tax returns. It also highlights deductible expenses for you.
Professional Relationships
For businesses, providing timely and accurate 1099 forms to contractors and vendors fosters trust and professionalism. It shows that you are diligent and reliable, which can strengthen business relationships and lead to more successful collaborations in the future.
Income Reporting Accuracy
1099 forms provide the IRS with an account of all the income you have received from various sources. This is essential for both the payee and the IRS to ensure that all of that income is properly reported and taxed. Accuracy in reporting can help you prevent underreported income which may lead to audits and tax liabilities.
Financial Planning
Is maintaining accurate financial records important for you? 1099 tax filing helps businesses maintain accurate records as without that, it is nearly impossible to file those taxes. These records provide you with a clear picture of the payments made to contractors and vendors, which aids in budgeting and financial planning.
