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eFile360.com

Where e-filing information return forms comes full circle. We support 1099, 1098, W-2, and Affordable Care Act forms.

Archives for November 2019

Top 4 reasons to e-File in your HR department

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In 2015, 75% of a company’s employees were required to be offered the Affordable Care Act (ACA) coverage by employers, and in 2016, that number went up to 95%. The number of ACA-related forms needed to be filed is only rising, and with that, the potential for mistakes rises, too.  Human Resources departments understand all too well the difficulties specific to maintaining a large number of personal records and sensitive information, especially during filing season. The ACA is still new, so there isn’t a large number of experts on the topic. This can make for confusion, tax withholdings, misfilings, and other time-consuming, expensive issues.  But now, all types of industries and company departments are using switching over to electronic filing and delivery systems to maximize efficiency. You’ll save time, software, and resources Electronic filing systems can improve levels of productivity and save you money. Over time, you must expend more company resources, hours, and busy employees that don’t have the time to take on additional tasks. The IRS requires all HR departments to maintain and hold onto records related to expenses, purchases, income, and business transactions. Also, inventory statistics, insurance records, business licenses, and any other related information must be filed.  E-filing saves on time by inputting information with what is known as a “bulk upload.” Depending on the number of employees in your company, the more forms you need to file in your upload, the more you’ll save. From one to hundreds of forms, you can file everything you need with an e-filing system that stays organized. eFile360 offers an electronic delivery option to allow recipients to securely access tax forms, whether paper or electronic. If they don’t access their forms electronically, we automatically send a paper statement. Efficient ACA compliance For businesses with 50+ employees, HR departments must report employer-related health care insurance information per the …

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Hire a lot of contractors? 5 reasons to use an e-file provider like eFile360

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If you hire a lot of contracted employees or seasonal workers for your business, the simplest way for you to file Information Return forms is to use an e-file provider like eFile360. Between 1099s, 1098s, W-2s, and ACA forms, your business has a lot of Information Return forms to file with the IRS. Then you need to send copies to your contractors, vendors, former employees, employees, and more. It can be dizzying to create and send all these forms, but it doesn’t have to be.  Choosing to e-file with an e-file provider like eFile360 versus using a membership-based software or manually filling out page after page is the simpler, safer, time-saving option. Here are 5 reasons to use an e-file provider like eFile360: Save time with bulk upload & TIN Checking Save money on large orders No need to purchase software or a monthly membership Data backup Reduce paper waste Save time with bulk upload & TIN Checking The option to use our bulk upload service to create hundreds or thousands of forms at once isn’t available if you choose to manually fill out Information Return forms. This service allows you to ensure your data entry is accurate while also being much faster than manual data entry.  TIN Checking is also not available if you choose to manually fill out your forms or with some e-file software options. Only online e-file providers like eFile360 offer TIN Checking to save you from costly mistakes.  Save money on large orders Most accountants that help you file your Information Returns do not offer discount pricing of any kind. E-file providers like eFile360 do offer volume pricing. This means each form you e-file could cost as little as $1.25 for E-File + Print & Mail or  $0.75 for E-File Only when more than 1,000 forms are ordered. For the same order, each TIN Check costs $0.25.  No need to purchase software or a monthly membership This is the main benefit of working with an e-file provider like eFile360. Many e-file …

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7 benefits of using an online & authorized IRS e-file provider

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What sets authorized IRS e-file providers apart from other businesses and individuals who say they can e-file for you? We'll discuss this and the benefits of using an authorized IRS e-file provider whose services are available online only. An "authorized IRS e-file provider" is a business or individual that is authorized by the IRS to electronically file taxpayer returns. This provider can either be a local business, online business (like eFile360), or a business selling an e-file software, but for the focus of this article, we’ll discuss the benefits specific to online businesses.  According to the IRS, a business is recognized as an "Authorized IRS e-file Provider" when it is “accepted to participate in the electronic filing (IRS e-file) program.” Since the IRS maintains the highest standards for e-file providers, this designation is important and shows that the business promises to “protect the integrity and security of the electronic filing system” as well as the security of the taxpayer’s information.  Here are 7 benefits of choosing to use an online and authorized IRS e-file provider: Eliminate mistakes  Complete a variety of forms quickly  Last-minute filing  Customer service assistance Repurpose last year’s data  No need to purchase paper forms in bulk  No administrative and IT costs  Eliminate mistakes  An authorized IRS e-file provider will help you eliminate mistakes in your Information Return forms before you submit them using the bulk upload option and the TIN Check add-on. The bulk upload option allows you to upload a large amount of data at once using a formatted Excel spreadsheet. If you use eFile360, we provide you with a unique Excel spreadsheet template specific to our bulk upload option in our e-filing system. You can copy the data from your accounting software into this template, which eliminates manual mistakes. Another way to eliminate mistakes on your forms is to utilize the TIN Check add-on service. …

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How to choose an e-file provider in 7 steps

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Do you need to choose an e-file provider for your Information Return forms? We break the process down into 7 simple steps. There are many e-file providers out there. Some are local while others are online. Some involve downloading software while others are completely online. How do you choose one? Go through these 7 steps and you’ll narrow down the vast options quickly.  Find what forms they support. Learn how their service works and what it includes.  Discover when their deadlines are. Figure out when they provide customer service.  Determine if they offer e-delivery and TIN Checking.  Compare costs. Test them. Step 1: Find what forms they support. Your business operates in a specific fashion with a unique number of employees and contractors or vendors. How your business operates will determine what forms you need to submit come tax time. When choosing an e-file provider, it’s important to check that they work with all the forms you need. This helps you organize your forms as you work on them, access them later on, and reuse data next year.  Trying to use multiple e-file providers for a similar service can be time-consuming and frustrating. That’s why eFile360 supports a variety of forms to meet your needs, including 1099, 1098, W-2, and ACA forms. Visit this page to see all forms supported.  Step 2: Learn how their service works and what it includes.  Each e-file provider works a little differently, so it’s important to compare their services. Find out if their service requires that you download software, visit a specific location in-person, or go to a specific website. Which option appeals to you more? Once you determine where you need to go, learn what their service includes. Do you need E-file + Print & Mail, E-file Only, or Print & Mail Only? If you don’t do any filing of Information Return forms in your office, you will likely need the E-file + Print & Mail option, which most e-file providers offer. But what …

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