GRAND RAPIDS, Mich., Jan. 24, 2017 /PRNewswire/ -- Tax reporting season is often a chaotic time for businesses as filers rush to send all necessary forms to recipients prior to the quickly approaching deadlines. To help alleviate headaches, Greatland Corporation offers a simple solution to those running up against the time crunch.
Greatland, the country's leading provider of W-2 and 1099 tax forms to businesses, offers an extended filing deadline, allowing companies to send in forms until 8 p.m. on January 31 with guaranteed deadline compliance.
Businesses with employees or anyone who has contracted for more than $600 in work to a freelancer or subcontractor have until January 31 to provide the appropriate wage and income reporting form – a W-2 or 1099-MISC – to all recipients. Sorting through the various IRS reporting requirements at the last minute can make a tight deadline even more stressful, which is why Greatland provides assistance and solutions to employers needing last-minute help.
Greatland's Yearli, a complete W-2 & 1099 reporting platform, helps businesses file, print and mail W-2 and 1099 forms, and offers an extended reporting deadline for recipient W-2s & 1099s. Yearli offers the most complete federal, state and recipient W-2 and 1099 reporting platform on the market for small to mid-size businesses and professional accountants. With Yearli, organizations can choose the product that most closely meets their W-2 and 1099 filing and support needs. The Yearli W-2 and 1099 reporting platform has three options (Core, Performance, and Desktop) designed to fit any budget or business need.
Beginning in 2017, for the 2016 reporting year, filers must send W-2 and 1099-MISC recipient copies and submit to the SSA/IRS by January 31, regardless of method (paper or e-file). In many cases, this is months earlier, increasing workload and stress for filers.
To further complicate matters, the new filing deadline, as it relates to Form 1099-MISC, only impacts filers reporting nonemployee compensation payments in box 7. Although the overwhelming majority of 1099-MISC filers will report information in box 7, there is bound to be some confusion. Greatland, with more than 40 years of IRS and SSA compliance experience, is trying to help businesses quell the confusion.
Only Greatland gives businesses the opportunity to file until 8 p.m. EST on January 31 with guaranteed deadline compliance. This feature offers additional hours of reporting time, and still days later than other online services.
For additional information about W-2s and 1099 forms along with a full list of year-end reporting forms, instructions and deadlines, visit www.greatland.com.
Greatland (www.greatland.com) is the W-2 and 1099 specialist, focused on providing information, products, and solutions for small to mid-size businesses and accountants. Greatland helps customers navigate annual reporting changes, including extensive expertise about ACA reporting. Through Greatland's subsidiaries – Greatland, Nelco, and Broker Forms – the company offers an extensive array of specialized products for businesses: W-2 forms, 1099 forms, 1095 forms, , business checks, presentation materials, income tax preparation supplies, and mortgage forms. Greatland also offers Yearli, a comprehensive W-2, 1099, and 1095 reporting software and online filing platform. Greatland is an employee-owned company with locations in Grand Rapids, Mich. and Green Bay, Wis. Greatland has an extensive W-2 & 1099 fact center located on its website with answers to many of the top filing questions. Follow us on Facebook or Twitter: @GreatlandCorp
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SOURCE Greatland Corporation