The Real Cost of Filing 1099s Incorrectly: Penalties, Fees, and Fixes
Most teams think of 1099s as quick year-end paperwork, right up until a small mistake turns into penalty letters and surprise administrative cleanup. The IRS tightened its rules in recent years, including the shift to mandatory electronic filing once a business hits ten information returns. Even tiny inaccuracies travel far once they enter that system. […]
How Lockbox Services Reduce Days Sales Outstanding (DSO)
Lockbox services sit at an interesting crossroads in finance. DSO keeps rising across many organizations, and check payments, though shrinking, still account for about 26% of B2B transactions. That mix creates delays that companies can feel in their cash flow. Slow mailrooms, inconsistent deposit routines, and scattered remittance data all drag the payment cycle. Modern […]
How CPAs Can Streamline Client Workflows With Outsourced 1099 Processing
January always feels packed for CPA firms. Deadlines stack, clients rush in with last-minute questions, and information returns ramp up just as the year-end close begins. The timeline is tight on its own, but the volume makes things tougher. The IRS processed more than 72 million 1099-NEC forms in a recent filing year and over […]
What is Rebate Management? The Complete Beginner’s Guide for 2026
Rebate programs might seem simple on the surface because all you have to do is buy something, send the proof, and wait for the payout. However, the machinery behind them has grown heavier than most people realize. Teams deal with thousands of claims in short bursts, customers want quick updates, and fraud attempts keep getting […]
Why Early-Year Financial Clean-Up Sets Your Business Up for Success
The beginning of the year has this odd quietness to it. You finally get a moment to breathe after the rush of year-end, and that’s usually when the small issues start to surface. A vendor address that never matched the W-9. A contractor whose TIN hasn’t yet been verified. A December check run that felt […]
How to File 1099 Forms Online: A Step-by-Step Guide for 2025
Filing a 1099 form used to be something you could handle with a stack of papers and a quiet afternoon. That era is gone. The 2025 tax season brings tighter IRS rules, especially the mandatory shift toward 1099 online filing, which now applies to almost every small business, once you add up all the information […]
Understanding the IRS Threshold Changes for 1099-NEC and 1099-MISC
The IRS rolled out new rules in 2025 that have changed how small businesses handle 1099 filing. The shift isn’t about how much you pay, but how many forms you send. It’s part of a larger push toward digital compliance. The agency now requires businesses that file 10 or more information returns to submit everything […]
Why Automating 1099 Workflows Should Be Your Next Finance Upgrade
It starts the same way every year Someone pulls up last year’s spreadsheet. Another checks the IRS website “just to be sure nothing changed.” Emails are sent to vendors requesting W-9 forms. Some reply, most don’t. Days pass, tension builds, and by mid-January, the team is knee-deep in paperwork, trying to hit deadlines and avoid […]
5 Payment Trends Businesses Should Watch in 2026
A few years ago, payments followed a familiar path: cut a check, wait a few days, and maybe chase down a confirmation. Today, expectations are different. Vendors want instant updates, finance teams want visibility, and leadership wants a system that runs smoothly without constant intervention. 2026 is shaping up to be a tipping point. Not […]
How to Simplify 1099 Preparation Before Tax Season
January is crunch time for finance teams. You’re closing the books, cleaning up accounts, and suddenly, it’s time to tackle tax forms. For companies that work with freelancers, vendors, or contractors, 1099 preparation often feels like a last-minute fire drill. However, the process is much simpler when it starts early and includes the right tools […]