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- Sovos Launches 1099 Professional to Simplify SMB Tax Reporting
Sovos Launches 1099 Professional to Simplify SMB Tax Reporting
Slice of Finance Team
07 Nov
Key Highlights:
New 1099 Professional solution for streamlined tax reporting for SMBs
End-to-end compliance features including IRS eFile, print/mail, TIN matching, and 1042-S support
7-day free trial for new users; flexible volume-based plans
Source: Business Wire
Notable Quotes:
“1099 Professional stands apart from other services on the market by simplifying the entire tax information reporting process.”
“With 1099 Professional, SMBs will have an accessible solution to address the complexities of 1099 reporting, ensuring easy, accurate and compliant reporting across every transaction.”
Our Take:
Sovos’ release of 1099 Professional reflects the growing demand for accessible, intuitive compliance tools tailored to SMB needs in a rapidly evolving regulatory landscape. As SMBs increasingly face complex tax obligations, Sovos’ software provides a comprehensive yet user-friendly solution to navigate these requirements efficiently. The solution’s robust features—especially IRS eFile, bulk TIN matching, and direct-state reporting for 1099-NEC forms—demonstrate Sovos’ commitment to reducing the compliance burden while ensuring high accuracy. By also offering flexible payment options and a free trial, Sovos enhances accessibility, supporting SMBs in managing compliance proactively and confidently.