Top 8 Advantages of Online Tax Filing

What does online tax filing for businesses actually do? Essentially, e-filing removes the bulk of the manual process that is involved in printing and mailing your business’s year-end forms. But there are even more reasons to consider filing online…explore them in this blog!

Electronic filing is quickly becoming the preferred method for filing 1099s, W-2s and other business tax forms due to its accuracy, security and speed. Filing online removes the bulk of the manual process that is involved in printing and mailing your year-end forms. With digitization, you can free up staff resources AND enjoy faster processing, improved communications, better recordkeeping and greater accuracy. It’s a win-win!

Tax_Advantages

What are the top advantages of online tax filing?

  1. Convenience
    No software or paper forms needed – quickly and easily enter your data online. We print and mail the forms to your recipients, and e-file the form data with the IRS and/or SSA.

  2. Enhanced security
    Protect your data using the strongest encryption program available. Data is transmitted to our high-security, SOC certified print-and-mail facility.

  3. Greater accuracy
    Built-in validations to help catch the majority of user errors before the return is submitted. (1% error rate compared to 20% with paper tax returns.)

  4. Our e-file site is always up-to-date
    This eliminates the need to reformat your software if the IRS changes forms.

  5. Proof of receipt
    Instant email notifications for each completed step, acknowledgement and confirmation that your return was received and accepted.

  6. You have access to the system 24/7
    Review data and pull reports at any time. Access filings for at least four years.

  7. Build momentum
    Save payer and recipient data to reuse each year. Your future self will thank you!

  8. Help is easy
    Online and phone support is available if you get stuck.

Make your (work) life easier

We’re not going to beat around the bush here, we all know it’s true: tax time can be a tough time. The amount of staff time and labor involved in processing year-end forms can be cumbersome and stressful. But filing year-end forms is a requirement, so it’s going to have to happen regardless. Why not make it easier on yourself and your business? Online tax filing is worth checking out.

If you have any questions about online tax filing or other tax questions, please feel free to reach out to our tax expert, Michelle Blouin, here or by clicking the button below.

Tax Expert

*This blog post was originally published in November 2018, it was updated in November 2021.