Lack of Form W-9 collection
No automated TIN matching
Lack of streamlined 1099 processes - high operational burden
Manual efforts to query, extract and generate 1099’s
Automated collection of Forms W9 with Digital W9/W8 product
Automated TIN matching
Streamlined 1099 processes replacing manual human efforts
Ability to automate the end-to-end information reporting lifecycle
TaxBit Digital W9 solution
The process of collecting, validating, and storing Forms W9 and W8 can be a complex process to build in-house – with high stakes for inaccuracy.
Enterprises need a modernized tax information reporting system that lowers operational costs, elevates user experience, and reduces regulatory uncertainty. This holistic solution was a key criterion for Marco Martins, Lead Product Manager at Uphold. In working with TaxBit, Marco was complimentary of how easy it was to deploy, noting how: “TaxBit’s solution has been top notch for its ease and speed of integration.”
TaxBit’s Digital W9/W8 solution, powered by proven and powerful APIs or easily embeddable SDK, seamlessly integrates with Uphold’s existing customer onboarding and software development processes – and is readily scalable to meet the highest demands.