Under the Taxpayer First Act, the Department of Treasury and the Internal Revenue Service (IRS) has published new regulations that reduce the 250 W-2s threshold for electronic filing to 10 informational returns. This means that any business with over ten 1099 vendor forms will have to electronically submit these documents, which significantly expands the e-filing requirements for businesses.

As you prepare for your year-end tax filing, it’s important to ensure your business’ ERP system is fully equipped to support the e-filing process. Dynamics GP users should note that the ERP system does not have built-in functionality to support e-filing for Payables 1099, but our partners at Greenshades have solutions to assist with this process.

In this blog post, we discuss how Greenshades’ modern payroll solutions can help your business with form 1099 e-filing.

How to File 1099 Forms Electronically in GP with Greenshades

As your business begins to roll out its Dynamics GP 2023 year-end update, you should consider implementing a solution that extends the ERP to support and streamline form 1099 e-filing.

GraVoc has partnered with Greenshades, another Microsoft Dynamics Partner who delivers automated year-end form generation and filing solutions. Greenshades’ tools can help Dynamics GP customers simplify the tax form filing and distribution process.

Customers can save time by having Greenshades print, stamp, and mail year-end forms to recipients, including independent contractors. They support multiple form types including W-2s, 1095-Cs, 1099s, 1099-MISC, and 1099-NEC. Users can simply upload their forms to Greenshades’ easy-to-use portal using a simple Excel format, and their user-friendly tools will walk you through creation, review, and any edits needed to quickly produce recipient copies, ready for distribution.

Looking for solutions to support form 1099 electronic filing in Dynamics GP?

If you have questions regarding the new e-filing regulations and your ERP system, we’re here to help! Contact us today to learn more about Greenshades’ tax filing solutions and how it can streamline your form 1099 electronic filing!

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