Sunday, December 16, 2012

Software for W2's & 1099's Released by W2Mate.com, Forms Updated

Real Business Solutions (http://www.RealTaxTools.com), the proven payroll and 1099 solutions provider, today announced the release of its 2012 W2 Mate software for processing W2's & 1099's. The extremely user-friendly and economical software program covers all the W-2 1099 printing and electronic filing needs of employers, financial intuitions, US corporations, businesses, CPAs and tax professionals. W2 Mate is distributed electronically for instant download over the internet. The software can also be shipped on a CD. A free fully-featured demo version is available at http://www.W2Mate.com/ for evaluation.  2012 W2 Mate saves users time and money by printing an unlimited number of W2 and 1099 forms on regular white paper. This eliminates the need to buy expensive laser red-ink forms. The 2012 / 2013 tax software can also generate an unlimited number of 1099 E-filing submissions to the IRS FIRE System for one low fee. All substitute forms generated by W2 Mate comply with IRS publication 1179 (General Rules and Specifications for Substitute Forms 1096, 1098, 1099, 5498, W-2G, and 1042-S). All 1099 electronic filing submissions generated by W2 Mate comply with 2012 IRS Publication 1220 Specifications for Filing Forms 1097, 1098, 1099, 3921, 3922, 5498, 8935, and W-2G Electronically.

In a statement Nancy Walters, W2 Mate product manager at Real Business Solutions said, "In 2013, thousands of businesses and accountants will trust W2 Mate to prepare their 2012 W2s and 1099s on time."
A free demo of the 2012 W2 1099 software can be downloaded from http://www.realtaxtools.com/. Customers can purchase the software and receive it instantly.
New changes and updates to forms 1099 were introduced by the IRS for 2012. New boxes have been added, some boxes have been removed and others have been renumbered, modified or moved. All these and other 1099 compliance changes are supported by W2 Mate software for the 2012 / 2013 tax season.
W2 Mate is the perfect software program for business filers looking for answers to questions like how do to produce 2012 1099 forms, how to complete 2012 1099-MISC forms electronically, how to report 1099 information to the state of Illinois, how to print 1099-MISC in QuickBooks and Peachtree, how to print 1099MISCs for 2012 using home printer and many other similar questions.
If the 1099-MISC information to-be-filed resides inside Intuit QuickBooks (QuickBooks Pro, QuickBooks Enterprise, QuickBooks Premier), Microsoft Dynamics (GP or SL), Sage Peachtree, Sage DacEasy or Excel, then W2 Mate is definitely the right solution for the job. W2 Mate has a unique mechanism for importing data from different accounting and payroll software to allow users print a wide range of w2 and 1099 forms.
1099 electronic filing is ideal for businesses that process a large number of 1099 forms and for accountants preparing year-end tax forms for their clients. W2 Mate 2012 does not impose any limitations on the number recipients, filers, companies, EINs, forms or e-filing submissions. W2 Mate supports 1099 E-filing with the federal government and with states that participate in the combined federal and state filing programs including Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Georgia, Hawaii, Idaho, Indiana, Iowa, Kansas, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Nebraska, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, South Carolina, Utah, Virginia and Wisconsin.


ExactCPA Comment: Technology continues to aid businesses in reducing the cost of doing business. Real Business Solutions looks to be offering another such product. Previously, preparers of W2 and 1099 forms printed forms on laser forms which tended to be very costly.
The changes to the forms for 2012 will require users to get quickly up the learning curve on
the new compliance requirements. W2Mate assists with the processing by answering users
questions.   I am not a reviewer of products, but want tax practitioners and other business professionals to  know the options that are out there that might be beneficial to them. W2Mate looks like it could be useful. Please let me know your thoughts.

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