NetSuite is discontinuing its 1099 reporting capability and recommends Sovos as your future vendor.
As of NetSuite version 18.2, NetSuite will no longer support 1099 reporting functionality for tax year 2018 and beyond due to constant changes in regulatory requirements.
But NetSuite customers don’t need to panic. Fortunately, tracking and automating regulatory updates, as well as facilitating 1099 reporting efficiently and securely, is exactly what Sovos has done for years.
Knowing Sovos’ expertise in 1099 reporting, NetSuite recommends that customers use Sovos as their 1099 reporting solution. Sovos has created a bundle within NetSuite that offers integrated 1099 reporting capabilities.
Interested to know more about Sovos Tax Information Reporting solutions for NetSuite?
1099 Reporting Solution Capabilities
Instill peace of mind through a successful transition in 1099 reporting vendors
Relieve stress by staying on top of regulatory changes so you don’t have to
Streamline compliance-related tasks, bringing greater operational control and efficiency, and reduced costs
Reduce risk by enabling your organization to move more nimbly in reaction to regulatory change
Take control of compliance, freeing AP professionals from unwanted tasks and allowing them to play a more strategic role in their organization