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Just in time for tax season, online bookkeeping service Outright.com<\/a> is announcing it will begin providing 1099 tax filing service<\/a> for entrepreneurs and sole proprietors on top of its current W-9 service. The site is also announcing the launch of what they say is the first community for the self-employed where startups and entrepreneurs can find bookkeepers.<\/p>\nFor most of us tax day is April 15th, but for entrepreneurs required to meet the February 1st deadline for providing 1099 forms to contracted employees, the madness starts now.<\/p>\n
Sponsor<\/em> “Startups working with contractors should have collected form W-9 by now and can automatically do that with Outright.com today,” Outright’s Paul O’Brien told ReadWriteWeb. “Starting Wednesday, we’ll take care of everything else.”<\/p>\n All Outright needs is W-9 forms from the user and their contractors, and they do the rest – automatically filling out 1099’s, e-filing them with the IRS and sending copies directly to the contractors. For an entrepreneur or startup managing a team of contracted employees, the time saved from filling out countless 1099 forms is invaluable.<\/p>\n Starting tomorrow, the new 1099 service will cost users $5 per filing, though for each contractor that joins Outright after their 1099 is filed, the site will refund their $5 fee. What’s more, the fee for the 1099 can be deducted as a business expense on the user’s personal tax return.<\/p>\n The site will also be rolling out a social directory for their site to help connect entrepreneurs and startups with Outright’s expanding community of bookkeepers. O’Brien says that there are a few thousand bookkeeping professionals using Outright, and this new directory will help them find businesses who need help around tax season.<\/p>\n Outright claims they are tracking over $1.2 billion worth of self employed and startup business, an increase of 21% from just three months ago when they announced tracking $1 billion. Self-employed individuals make up 75% of Outright’s users, and the majority of the remainder employ fewer than 10 people, making Outright a popular solution for entrepreneurs and startups.<\/p>\n Discuss<\/a><\/strong><\/p>\n<\/a><\/p>\n
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