I am excited to share this platform launch with you. eFileBuddy was born of frustrations I had with the 1099-NEC filing process.
My own accounting business filed three to four hundred 1099-NECs per year for approximately forty to fifty clients.
1. Send clients a reminder email with an attached worksheet for filling out their 1099 filing information.
2. Send another reminder email.
3. Get told, I paid Jill, Johnny and Jim five grand each. You have their info from prior years.
4. Lookup prior years, and realize I have Jill and Jim’s info, but never filed a 1099 for Johnny.
5. Inform the client I never filed a 1099 for Johnny, and also remind them the contractor info can change.
6. Get a text with some of the info or hand scrawled stuff dropped in the office.
7. After filing all the 1099s and giving them to the clients and contractors, I get random ongoing client requests to resend 1099s I already gave them. Get requests for amendments. Etc. etc. etc.
Much of this process happened right at the start of tax season, when I was inundated with a million other issues.
I felt that in the 21st century there had to be a better way, but I couldn’t find solutions on the market.
With eFileBuddy everything is automated. Your clients have their own portal in which they enter the 1099-NEC info and request “Accountant filing” with a click. All you have to do now is simply review the 1099-NEC and hit “file”.
Clients can easily retrieve previously filed 1099-NECs from their portal at any time and resend them to their contractors with a simple click of a button.
I am new to the startup world, and I am here to learn, so if you ever have any suggestions or feedback, please reach out. I value anyone who takes the time to provide their insights, as your input can make a difference.