Patreon took advantage of Sovos’s TIN matching API, enabling the company to create its own W8s and W9s in its system and validate them while a customer is filling out the form. This service ensures Patreon is collecting the right data up front, saving time and effort during tax season and reducing future B and P notices. Sovos also took on the responsibility of sending out 1099s to the creators who use Patreon’s platform. Danielle Childs, senior product manager, owns 1099 reporting at Patreon. She said that “By bringing Sovos in we’ve simplified our process. Today, one person can see what the status of our 1099 forms is and upload the data to Sovos rather than needing the support of engineers and operations teams.
Patreon also took advantage of Sovos’s e-statements offering. “Adding e-statements reduced the requests for old forms and the cost of sending incorrect forms to our creators,” Childs said. This is especially important for a growing company as the costs associated with sending out incorrect forms will grow with them.