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Reminder to Businesses: Less than One Week to File W-2s and 1099s

Greatland Offers Extended Filing Hours to 8 p.m. EST January 31


News provided by

Greatland

Jan 24, 2018, 02:29 ET

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GRAND RAPIDS, Mich., Jan. 24, 2018 /PRNewswire/ -- Tax reporting season is often extremely stressful for businesses as accounting departments rush to get all necessary forms to recipients prior to looming deadlines. To help alleviate headaches, Greatland Corporation offers a simple solution to those businesses who find themselves running up against the annual time crunch. 

Greatland, the country's leading provider of W-2, 1099 and 1095 solutions and related products for 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. Waiting until the last minute to sort through the various IRS reporting requirements 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.

As was the case last 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 for Form 1099-MISC only impacts filers who using Box 7 of the form – for the reporting of nonemployee compensation payments.

Filers should also note that the Affordable Care Act deadline, which was originally January 31, has been extended to March 2. The extension does not mean that businesses should wait longer to file, but rather they should aim to complete all filing at once to ensure on-time reporting to avoid penalties. 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 to make sure your business has all of the accurate information needed, you can find a full list of federal and state filing regulations on Greatland's news website.

About Greatland
Greatland (www.greatland.com) is the W-2, 1099 and 1095 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, W-2 and 1099 software, online filing, business checks, presentation materials, income tax preparation supplies, and mortgage forms.  Greatland also offers Yearli, a comprehensive W-2 and 1099 reporting software and online filing platform. Greatland is an employee-owned company with locations in Grand Rapids, Mich. and Green Bay, Wis. Follow us on Facebook or Twitter: @GreatlandCorp

SOURCE Greatland

Related Links

http://www.greatland.com

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