Ace Business Services

 

Your Business, Our Passion

Ace Business Services
1684 Quincy Avenue
2nd Floor
Naperville, IL 60540

ph: 630-355-ACES (2237)
fax: 800-233-0839

1099 Contractors                          630-355-ACES (2237)  

Are you spending your time processing payments for your 1099 contractors?  Do you enjoy processing the year-end 1099 forms? What about that trip you have to make to the post office to send the 1099's to the IRS?  And let's not forget the time and effort needed to stay updated with State 1099 requirements.  Couldn't you use that time to bring in more business or to cultivate existing business?  I'm sure your time is valuable and that's why we're here to help.  Contact us today! 

What is the difference between an employee and an independent contractor (self-employed person)?

The amount of control the employer has over the worker determines whether or not the worker is an employee or an independent contractor. If the employer has the right to control what must be done and how it must be done, and supplies the tools to complete the work, then the worker is an employee. If the worker controls how the work is to be done, the worker is self-employed. Self-employed workers usually provide their own tools and have independent businesses serving multiple clients. See IRS Publication 15, Circular E : Employer's Tax Guide for more information regarding whether a worker is an employee or a contractor.

Do you offer a 1099 filing service?

Yes we do.  WIth our 1099 filing service, you can file up to 50 federal 1099-MISC forms in all fifty states and the District of Columbia. We also support combined federal and state filing for participating states.

We create and file 1099 statements electronically and print copies for your recipients and your own records.


What amounts can I pay my 1099 contractors through your service?

You can pay your 1099 contractors the following:  

Payment amounts that are reported in box 7 (non-employee compensation). (You should not use our service to pay other income types, such as rents, medical and health care payments, proceeds paid to attorneys, or other payments not reported in box 7.)

Reimbursement amounts that are not reported on the 1099-MISC form.

Can I purchase your 1099 filing services only?

Yes you can.  It is not necessary to use our payroll service to use the 1099 electronic filing service.

How often can I pay my 1099 contractors?

There are four options, depending on your business needs.

  • Weekly
  • Bi-weekly
  • Semi-monthly
  • Monthly

*Please let us know if you need other arrangements besides the ones listed here*

How will my 1099 contractors be paid?

We offer two payment options.  You choose which option is best for your business.

  • Direct Deposit 
  • Printed Checks
What is the cost?

Our 1099 filing service is offered for a flat fee customized to your business needs.

What are the various copies of Form 1099-MISC?
  • Copy A is what we transmit electronically to the IRS.
  • Copy B is for the recipient's records and informs the recipient of the amount you are reporting to the IRS. When required, the recipient files Copy 2 with the state income tax return.
  • Copy C is for your records and Copy 1 is filed with your state when required. (Not all states require you to submit this copy when Copy A is filed electronically with the IRS.)

 

 

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Ace Business Services
1684 Quincy Avenue
2nd Floor
Naperville, IL 60540

ph: 630-355-ACES (2237)
fax: 800-233-0839