Avalara Launches New APIs for 1099 & W-9 Automation, Enhancing Compliance Workflows and Efficiency

Avalara has introduced new APIs for its 1099 & W-9 solution to automate compliance workflows. The APIs enable businesses to collect W-9 forms from vendors, validate tax IDs, and electronically file 1099 forms with the IRS and states. The aim is to save time and improve resource allocation by automating the entire compliance process. Key features include on-demand system access, a single workflow for streamlined operations, and improved accuracy and efficiency through automation.

Avalara, Inc. has recently announced the launch of new APIs designed to automate and streamline 1099 and W-9 compliance workflows. These APIs enable businesses to embed compliance processes into their existing ERP, accounting, e-commerce, or marketplace platforms, transforming manual and time-consuming tasks into a fully automated system.

The new APIs from Avalara allow companies to collect W-9 forms from vendors, validate tax IDs against IRS databases, confirm mailing addresses with the U.S. Postal Service, electronically file 1099 forms with the IRS and states, and deliver recipient copies—all from a single, centralized platform. This automation not only saves time but also improves resource allocation by reducing the need for manual intervention.

Key features of Avalara's 1099 & W-9 API include an on-demand system that can receive vendor and payee details at any time, a single workflow for streamlined operations, and the ability to e-file 1099s with the IRS without the need to create a FIRE account. Avalara, approved by the IRS, handles the compliance work on behalf of businesses.

The automation of these processes can significantly improve accuracy and efficiency. Manual data transfer processes are prone to errors, and even improved processes like exporting and importing spreadsheets can still lead to costly mistakes. Avalara's innovations aim to mitigate these risks by automating the entire compliance process.

With these new APIs, businesses can consolidate platforms into one workflow, maximizing efficiency and minimizing costs. The automated system can execute the many time-consuming steps of W-9 and 1099 compliance on behalf of the business, ensuring that all necessary steps are completed accurately and on time.

The introduction of these APIs is a significant step forward in the automation of tax compliance processes. It allows businesses to focus more on their core operations while ensuring that they meet all regulatory requirements efficiently and accurately.

Reference List:
[1] https://www.marketscreener.com/quote/stock/AVALARA-INC-44231524/news/Avalara-Inc-Launches-APIs-for-End-to-End-1099-and-W-9-Compliance-Automation-50115911/