Cost Savings

Q: My company is always looking for ways to save money and redirect people. We're already so swamped with work and I'd like to unload the 1099 process.

A: Consider outsourcing your 1099 work to Thomson Reuters. We'll take care of the time-intensive tasks like loading your data, printing and mailing 1099 statements, filing with the IRS\States and handling your B-Notices and W-9s. You always have access to the ONESOURCE 1099 system and can monitor and review our work however, you can rest assured that your staff is freed up from the bulk of their 1099 efforts and can concentrate on more important responsibilities.

Q: We cannot afford to spend money on new equipment and overhead to support our 1099 process. Our budget is very lean and cannot afford any extra expenses.

A: ONESOURCE 1099 runs entirely within Thomson Reuters's own data center. There are no additional hardware or infrastructure expense required to use ONESOURCE 1099 software. You simply access ONESOURCE 1099 via a secure internet connection anytime you like.

Q: I'd love to have a new 1099 system, but my management watches every penny and will ask me to provide a Cost-Benefit Analysis.

A: Thomson Reuters can provide you with industry-standard cost facts and suggest expense areas to consider when preparing the cost-benefit report to your management. We'll help you all the way through the process. If you would like to know more about Thomson Reuters or our 1099 solutions, please contact us.