Fully-automate your entire 1099 tax reporting process
10 of the top 20 Fortune 500 companies use Convey to automate their 1099 reporting process. Avoid unnecessary risk this year with the industry leading software solution that satisfies all federal, state & US territory filing requirements.
Make Complex 1099 Tax Reporting, Simpler.
That just makes sense.
Taxport’s on-demand capabilities are used by many top financial services and insurance, gaming and multi-national corporations allowing clients to automate their 1099 processing, regardless of volume or complexity.
- Reporting capabilities for all 1099s, 1098, 5498, W-2, 1042-S, Puerto Rico and Canadian forms
- Accepts all data formats – bring your data to us and we can handle it
- Always be current with automatic software updates and industry best practices for information security
- Save your organization hundreds of dedicated staff hours and hundreds of thousands of dollars in maintenance and the opportunity cost of more important projects.
- Free internal resources and improve compliance in 1099 tax reporting while actually elevating customer service.
How Taxport Works
Adaptability
In as few as a couple of days of onboarding, clients can automate their entire 1099 tax reporting process on the federal, state and locality level, without any change to internal systems.
Flexible Data Import
Time spent reformatting tax data is eliminated as Taxport works with clients to automate the importing of current and legacy tax detail information in any format.
Compliance Validation
During the import, data is automatically scanned and validated for regulatory compliance, eliminating manual errors and hours of time ordinarily spent sifting through, correcting and re-importing records.
Data Storage
Data is stored at Convey’s SAS 70 Type II certified data center. All security practices are all ISO27001 certified and all software updates are automated, effectively eliminating IT support.
Transparent Details
Forms and tax detail information become transparent and easily presentable for financial analysis, auditing, or presentation to customers and vendors.
Completely Configurable Security
Taxport allows organizations to specify precisely what users have read and write access to specific tax information, so that only appropriate users have access to sensitive tax detail information.
Taxes Won’t Hold Your Time Hostage
Every aspect of information reporting is automated. The risk of an IRS audit is reduced because formats are guaranteed compliant and every step in the due diligence process is transparent.
IT overhead is cut exponentially because Convey handles all hardware and software maintenance. The end result means no more late nights and weekends trying to make deadlines and abate fines.
Our Client’s Routinely See:
- Annual tax processing costs decrease by more than 50 percent
- An 80 percent reduction in B-notices
- A 75 percent reduction in workload for printing and mailing
- A 30+ percent reduction in form count due to consolidated forms
- Over 300 hours of time dedicated to information reporting reallocated to core business projects
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Value Add Solutions
Print Services Features
Print services are a key piece in secure, accurate and efficient tax reporting. Configure printing based on your client’s specific needs and monitor production in real time. We guarantee timely and cost-effective printing without the stress and hassle of managing yet another vendor. Some of North America’s largest filers have reduced their printing and mailing costs by over 60 percent with Convey’s seamless print process.
TIN compliance
Because 1099 tax reporting doesn’t end in January, Taxport is equipped with a TIN compliance module that allows organizations to check all their recipients against the IRS and automatically find out which records are noncompliant, sharply reducing penalty costs and time spent demonstrating due diligence. TIN Compliance Features
- Check all recipient records against the IRS database
- For any incorrect record, handle the entire due diligence process
- W-9 solicitation and document archival
- Marking records that require mandatory backup withholding
eStatements Features
Hold every dollar accountable with Convey’s e-Statement solution. High volume filers can present recipients with 1099 forms online and by phone, resulting in a cost savings of thousands, all while increasing brand loyalty and decreasing customer service call volume.
Withholding management Features
Our Withholding Management solution is used by some of the largest insurance and financial services organizations in the world to completely automate withholding calculations on federal, state, and locality levels while reconciling all remittances made back to 1099 tax detail information. Reduce process workload by over 60 percent while guaranteeing compliant and correct payment amounts to regulatory agencies.
