The Story
Bookkeepers dread January. January 31st is the deadline for submitting 1099 information to the IRS. Inevitably, even bookkeepers with the best intentions still end up scrambling hit the deadline. They scramble to collect W9 information from independent contractors they paid during the year.
1099-inator is an add on to Quickbooks Online that automatically collects the information required from vendors to file 1099s to the IRS by January 31st.
We built this service for our own bookkeeping business Weekly Accounting. It made our lives so much easier in January we wanted to share that feeling with you.
1099inator makes it easy to collect and share tax information necessary to file and receive 1099s.
How it works – for Accountants
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We walk your vendor through a form that collects their tax information
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We have your vendor confirm and digitally sign their W9.
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We deposit that information directly into your Quickbooks Online.
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Viola! No more running around in January chasing down tax information
Quickbooks online has a relatively painless way to file 1099s electronically if all the data is perfect. The interface is super clunky but it gets the job done for a reasonable price.
How it works – for independent contractors
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Create an account on 1099inator.com
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Go through our easy to understand forms
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Share it securely with clients.
Business Model
We charge Businesses $1 for every W9 ready collect and push back into your Quickbooks Online.
Related
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The name “inator” is a reference to our favorite Disney cartoon Phineas and Ferb – (Almost) Every Single Inator from Dr. Doofenshmirtz
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The best example of collecting 1099 information that we’ve seen is from the Amazon Affiliate program
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