PayQuicker launches 1099 tax reporting solution supported by Avalara

PayQuicker, a global payouts and financial technology company has launched its new 1099 tax reporting solution, supported by Avalara. The new offering helps businesses simplify and automate 1099 reporting, while reducing compliance risk and administrative burden.

As regulatory requirements around tax reporting continue to grow in complexity, PayQuicker’s 1099 solution enables businesses to collect W-9 and other W-series forms throughout the year – long before filing season arrives. This helps ensure accurate payee data at all times.

The solution also uses real-time Taxpayer Identification Number (TIN) matching to validate information at the point of collection. PayQuicker says this reduces costly backup withholding notices, penalties, and corrections later.

By leveraging Avalara’s proven tax compliance technology, the solution delivers scalable, secure, and compliant tax reporting for companies managing large volumes of payees. Businesses can generate, file, and distribute 1099 forms accurately and efficiently. This functionality is supported by automated federal and state filing, electronic delivery, and ongoing regulatory updates.

Businesses need reliable automated solutions

“Businesses need reliable, automated solutions to stay compliant without slowing down operations,” said Joe Bertalli, CFO at PayQuicker. “By partnering with Avalara, we’re able to provide our customers with a robust 1099 solution that reduces complexity, increases accuracy. Furthermore, giving them confidence in their compliance processes.”

Avalara’s technology supports federal and state filing requirements, electronic and recipient delivery, and ongoing regulatory updates. This helps to ensure that PayQuicker customers remain compliant as tax rules evolve.

“PayQuicker is focused on making complex financial workflows easier for businesses,” said Queenie Lee, General Manager-1099 Reporting at Avalara. “We’re excited to power their 1099 solution with Avalara’s compliance expertise. Enabling customers to automate reporting and reduce risk while staying focused on growth.”

The PayQuicker 1099 solution is available to customers in the US and is designed to integrate seamlessly into existing payout and payment workflows.

Enterprise Times: What this means for businesses

The launch of PayQuicker’s new 1099 tax reporting solution potentially brings significant benefits for businesses. Particularly those managing large numbers of payees in the US which must have one of the most complex tax regimes in the world. Enterprises must comply with both federal and state filing requirements, as well as ongoing regulatory updates.

As tax regulations become increasingly complex, the solution provides companies the required documents throughout the year. This ensures accurate and up-to-date payee information. By automating the entire 1099 reporting process—from collection to validation, generation, filing, and distribution—businesses can streamline their operations and reduce administrative burdens.

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