Creating new CAS opportunities with automated 1099s

CAS can help provide a runway to revenue, especially when you consider new services like 1099 creation and filing. Typically, 1099 services bring scalability challenges, limiting growth and profitability. That is now changing with automation.

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Client advisory services (CAS) are becoming increasingly popular as accounting firms look to expand their offerings and build stronger client relationships. CAS can also generate additional revenue by expanding service offerings for clients. One area of interest for expansion is 1099s.

Typically, 1099 services bring scalability challenges, limiting growth and profitability. Now, that is changing with automation. According to this 2022 survey 1099 creation and filing was marked as the most in-demand service for CAS practitioners.

3 key takeaways

  • More and more business are requesting 1099 filing services from their accounting firms
  • Firms can increase both profit margins and scalability by offering these 1099 filing services
  • Although e-filing services for 1099s were once challenging to provide, especially for smaller firms, automation has made it easier than ever to implement these services

Challenges of a manual 1099 service

Using AP software and automation for 1099 services

Technological innovations enable you to streamline and scale 1099 services, meaning you can collect, create, and electronically file your clients’ 1099s right from your AP software.

The end-to-end process includes collecting W-9s, marking vendors as 1099-eligible, mapping expenses to the correct 1099 category, generating 1099s, electronic filing, and delivering the file to vendors.

Within the software, you can request W-9s, click a few buttons to generate 1099s for vendors, and then your AP software takes care of the rest. It’ll send the 1099s directly to the IRS and file state1 and federal tax filings.

The results? You can save time and resources with workflow automation while ensuring greater accuracy.  It also means one less software to pay for, train on, and integrate.

Scaling CAS with automated 1099 filing

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How to start offering automated 1099 filing services

Incorporating 1099 management and automation into CAS offerings allows your firm to provide a valuable service to clients while efficiently scaling operations. By automating the complex and time-consuming aspects of 1099 reporting, firms can focus on delivering strategic advice and building stronger client relationships. 

As businesses increasingly seek comprehensive financial services, offering tech-enabled 1099 management as part of CAS can be a significant differentiator for firms.

Here’s how you can learn more about how to start with 1099 creation and filing for your CAS clients.

If you’re a BILL customer and want to learn more, send us an email, and we’ll connect you with your account manager.

You can also visit https://www.bill.com/product/1099-filing to read more about automation for AP and 1099s and request a demonstration.2

1 For states participating in the CSRF tax filing  

2 Each 1099 created will cost $1.99 for our accounting partners and $1.99 per 1099 if delivered via USPS.

The information provided on this page does not, and is not intended to constitute legal or financial advice and is for general informational purposes only. The content is provided "as-is"; no representations are made that the content is error free.