Collection of IRS federal tax form W9 does not have to be so painful. Watch this short video to see how you and your organization can Request, Collect and Automatically validate the TIN numbers with the IRS using the new Lavante Supplier Information Management System.
AP Now and Tomorrow’s Mary Schaeffer Joins Lavante for Emerging Master Vendor File Practices and Issues Webinar
AP Now and Tomorrow's Mary Schaeffer Joins Lavante for Emerging Master Vendor File Practices and Issues Webinar
Managing supplier information is becoming an ever-more complex and involved process for organizations of every size and across all industries. Through our work at Lavante in automating recovery audit and supplier management processes, we are constantly learning from our customers, prospects, and industry analysts how organizations are dealing with this critical issue. We recently partnered [...]
I was happy to see the article by Diane Sears in the latest issue of Financial Operations Matters, Is 1099 Issue Dead or just Resting? which focused on the continuing 1009 reporting dilemma. Although the heated debate over this issue has died down after the repeal of the reporting requirements tied to the health care [...]
President Obama on Thursday signed into law a bill repealing the expanded 1099 reporting requirements from the 2010 health care law. The Senate passed the repeal bill in an 87-12 vote on April 5 after the House passed the bill in March.
Today, the Senate passed the House’s 1099 repeal bill, H.R. 4, in an 87-12 vote. The bill will go directly to the White House where President Barack Obama will have the opportunity to sign or veto the bill.
This blog presents several of the primary themes presented at the SSON conference that took place earlier this month.
Today, the House passed the H.R. 4 bill in a 314-112 vote, repealing the 1099 reporting requirements from the funding provision of the 2010 health care law. The bill eliminates the requirement that all for-profit corporations issue 1099 forms to vendors from whom they purchased over $600 of goods or services in a tax year, [...]
Transactional errors result in millions of dollars worth of accounting anomalies for F1000 companies each year. With millions of payments to thousands of vendors, business changes, new systems, and complex purchasing environments, 100 percent payment accuracy is nearly impossible – even for AP organizations with the strongest controls. More and more, AP and Shared Services [...]
President Obama released his proposed fiscal year 2012 budget this week. The budget contains a portion of the 1099 provisions from the 2010 Patient Protection Affordable Care Act (aka, the health care law). As a refresher, the funding provision of the health care law requires all for-profit corporations to issue 1099 forms to vendors from [...]