Since the time businesses began having to report employee and contractor wages to the IRS and SSA, filing has been a bit of a hassle. Let us paint you a picture here. In the beginning, business owners would have to order W-2/1099 forms and software from a catalog (using a fax machine. Oh the horror).
Reporting services are an important part of the tax filing process. Without this step, you could lose some direction on where your funds are going. A reporting service is meant to help a company finish their tax filing process in a simple and organized way so that in the future past records are easily accessible
In less than 90 days businesses that paid an employee or contractor have to report the wages to the IRS, State, SSA and mail out copies to the recipient. Traditionally that meant going to the office supply store to buy the forms, envelopes and software. Back the office the real fun begins! Moving your data