CEO and Founder of Kruze Consulting
Founders often ask us why they can’t just use Your Payroll Provider to report their 1099s, and here are 10 Reasons Why You Shouldn’t Use Your Payroll Provider for 1099 Reporting:
To reiterate, there are many great payroll processors out there: Gusto, Rippling, Trinet, Sequoia, to name a few… they’re just not a good solution for bill pay or 1099s. We’ve worked with well over 1000+ startups and found that Bill.com. is best for bill payments, and Track1099 is best for 1099s.
As a side note, I’d like to mention that the 1099 process is… awful. Literally the worst, its death by papercut. The amount of data and coordination that needs to happen between the company, vendor, and the IRS is intense and our least favorite part of the job. We’re not trying to drum up more work here by taking away a job from your payroll provider, it’s just that we’ve witnessed first hand the repercussions from letting payroll companies file 1099s without an accountants input. Please be sure to turn off your 1099 reporting in your payroll provider and have your accountant file a complete an accurate 1099 series on Track1099.
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