Your 1099 tax reporting process in good hands. Ours.
Allow Convey to automate and fully manage data imports, formatting, corrections and full transmitting of all your organization’s 1099 information.
We Take Care of the Details
Every step of the 1099 reporting process throughout the year is coordinated and managed by Convey’s Managed Service representatives, dramatically cutting an organization’s internal resource needs in tax information reporting.
A Fully Comprehensive Tax Reporting Process
- Fully managed import configuration
- Individualized Managed Services representative to coordinate and manage all processing tasks (corrections, transmittal, print file creation)
- Ongoing best practice assistance and consultation regarding changes to client systems
A Fully Managed Solution
By leveraging Convey’s Managed Services, organizations have been able to not only reduce workload around tax information reporting, but have actually done it at less cost and delivered better service.
When you completely unburden your 1099 tax reporting duties and take advantage of Convey, you still have access to Taxport’s full automation functionality, but also get to work with Convey staff to ensure best practices, compliance, efficiency and that all deadlines are met.
Our Client’s Routinely See:
- 42 percent cost reduction in 1099 tax reporting processes
- 60 percent reduction in workload in processing
- Reallocation of four full-time employees to core business initiatives
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.
