Thursday, 12 September 2024 04:20 PM
Company Update
ROCK HILL, SC / ACCESSWIRE / September 12, 2024 / TaxBandits, the leading e-file provider for Forms 941, 940, 1099, W-2, and other tax forms for businesses and tax professionals across the U.S., has expanded its offerings to include the e-filing of Form 941-X (Adjusted Employer's Quarterly Federal Tax Return or Claim for Refund).
Simplified 941-X E-filing with TaxBandits
Form 941-X allows businesses to correct any errors made in previously filed Form 941 returns. Previously, businesses could only file Form 941-X on paper. However, starting in 2024, the IRS offers an option to file 941-X, streamlining the amendment process.
Businesses and tax professionals who have previously filed their original Form 941 using another service provider can still electronically file their Form 941-X through TaxBandits.
New Feature Update: Bulk E-sign for Tax Pros
In addition to this new e-filing support, TaxBandits has also introduced a time-saving feature, ‘Bulk E-sign', to simplify the 941 compliance for Reporting Agents (RA), and CPAs. This feature allows them to obtain their clients' signatures efficiently and e-sign multiple forms in one go.
Send multiple e-sign requests: Tax pros can easily send e-sign requests to multiple clients in a single request.
Sign multiple returns at once: Once their clients e-sign, Tax pros can select multiple returns and sign them all at once.
Other Exclusive Features to Simplify E-filing Solution
TaxBandits incorporates various intuitive features tailored for tax professionals and business owners to help them meet fast-approaching deadlines efficiently.
Excel Template: Use the bulk upload feature to import all the data using a 941 Excel template, reducing the time required for manual uploads.
Zero Reporting of 941: If businesses don't have employees or payroll for the quarter to report on Form 941, this feature allows businesses to file 941 Zero returns, ensuring compliance without reporting any tax amounts.
Two-Factor Authentication: This feature helps to prevent unauthorized access to the account and safeguards your sensitive information.
Identity Verification: To prevent identity theft and block fraudulent filings, TaxBandits requires a one-time identity verification.
Schedule B (Form 941): TaxBandits enables semi-weekly depositors to report tax liability using 941 Schedule B, along with Form 941, which can be filed directly with the IRS.
Aggregate Form 941 Schedule R: Form 941 Schedule-R allows Professional Employer Organizations (PEOs), Certified Professional Employer Organizations (CPEOs), and other Section 3504 agents to report aggregate payroll tax information for multiple clients.
Easy E-signature Option: TaxBandits offers convenient signature options, such as using an Online Signature PIN or filing Form 8453-EMP, making it easy to sign and submit Form 941 electronically.
Form 941 Automation with TaxBandits API for Q2, 2024
As businesses expand and develop, the need for efficient, reliable, and automated solutions becomes increasingly important. Automation can significantly relieve the burden on businesses, especially when filing Form 941 for Q2 2024.
TaxBandits offers a developer-friendly API that allows businesses and software providers to seamlessly automate 941 forms directly from their portal or application. With TaxBandits 941 API integration, clients can streamline all aspects of the filing process, from form generation to e-signing.
Agie Sundaram, CEO and Co-founder of SPAN Enterprises (the parent company of TaxBandits), confidently stated, "With the support for e-filing Form 941-X, TaxBandits leads as an IRS-authorized e-file service provider. We offer advanced features, High-end security, and excellent customer support to simplify e-filing. Whether you're filing Form 941-X for one business or multiple clients, TaxBandits streamlines the process and keeps it affordable."
About TaxBandits
TaxBandits is a SOC 2 Certified, IRS-authorized e-file provider specializing in various tax forms such as Form 941, Form 940, Form 1099, Form W-2, Form 1095-C, Form 1095-B, and Form W-9. Serving businesses, service providers, or tax professionals of every shape and size, TaxBandits offers a complete solution that fulfills all filing needs.
Join the thousands of satisfied business owners and tax professionals choosing TaxBandits to file 941-X electronically. Sign up for a free account at TaxBandits.com to e-file Form 941-X for the previous quarters.
BOI Reporting Solution
In addition to tax filing services, TaxBandits offers a comprehensive solution for business and tax professionals to meet their FinCEN Beneficial Ownership Information (BOI) reporting requirements.
Through TaxBandits, clients can easily prepare and submit various BOI reports, including Initial, Corrected, Updated, and Newly Exempt Entity reports. Additionally, clients who file their BOI reports through TaxBandits can make free corrections or updates within one week of the original submission date.
API Solution
TaxBandits provides another advantage for high-volume filers and software providers. TaxBandits API enables seamless preparation and e-filing of 1099, W-2, 941, 940, and ACA 1095 forms and BOI reporting. Use the developer filing 1099 API to request W-9 and automate the filing efficiently.
About Span Enterprises
Headquartered in Rock Hill, South Carolina, SPAN Enterprises has created cutting-edge software solutions for e-filing and business management for over ten years.
The Span Enterprises suite of products includes TaxBandits, Tax 990, ACAwise, ExpressExtension, 123PayStubs, and TruckLogics.
For media inquiries, please contact:
Stephanie Glanville
Content Writer,
SPAN Enterprises
[email protected]
SOURCE: TaxBandits