ROCK HILL, SC / ACCESSWIRE / September 23, 2024 / The Form 941 for the third quarter of the 2024 tax year is now available with TaxBandits. Employers should take this opportunity to ensure they meet their October 31, 2024 payroll tax deadline.

Though the deadline to file 941 online for the third quarter of 2024 may seem far off, employers can benefit greatly from filing early. Being proactive helps avoid last-minute stress and ensures compliance with IRS regulations.

TaxBandits' streamlined process for filing Form 941, is now easier than ever. With a new look, enhanced features, and upgraded technology, TaxBandits provides a more seamless experience for quarterly filings. Clients can enjoy several key benefits, including:

A Simple and Secure 941 Filing Solution for Businesses

TaxBandits, an IRS-authorized e-file provider trusted for a variety of tax forms, including Form 941, has now made 941 e-filing available for the third quarter. With a streamlined process and robust security measures, businesses can easily file their returns. Even if no wages were paid or payroll taxes incurred, businesses are likely still required to file Form 941.

Streamlined 941 Filing for All Tax Professionals

TaxBandits is committed to simplifying Form 941 filing for tax professionals, including Certified Public Accountants (CPAs), Electronic Return Originators (EROs), and Reporting Agents. The platform offers tailored solutions to streamline the filing process while ensuring accuracy and compliance.

Refined 941 Form Filing for Aggregate Filers

TaxBandits is deeply committed to providing comprehensive support for aggregate filers, including Certified Professional Employer Organizations (CPEOs), Section 3504 Agents, and Professional Employer Organizations (PEOs), for the aggregate filing of Form 941 and Schedule R. The platform is equipped with a range of specialized features specifically tailored to streamline the often complex and intricate filing process for these types of filings.

Specialized Features for Aggregate Filers

TaxBandits offers specialized features for aggregate filers:

• Seamless Data Import with Schedule R Excel Templates: Using 941 Schedule R Excel templates, aggregate filers can easily import multiple clients' data, simplifying the filing process.

• Collaborative Team Management with BanditCollab: With BanditCollab, aggregate filers can collaborate with an unlimited number of team members by assigning roles and responsibilities through secure logins. This approach enhances teamwork and ensures a smooth filing process.

• Easily Reconcile Aggregate Form 941 and Schedule R: Effortless reconciliation between aggregate Form 941 and Schedule R allows for accurate tax return filings, reducing errors, avoiding penalties, and ensuring tax compliance.

TaxBandits: New, Enhanced Features for All

TaxBandits' enhanced features ensure that their clients can easily meet the 941 filing deadline for the third quarter:

• Bulk E-sign: TaxBandits introduces Bulk E-sign, a time-saving feature designed for Reporting Agents (RAs) and CPAs to streamline Form 941 compliance. This feature allows tax professionals to efficiently gather e-signatures and sign multiple forms at once, making the filing process faster and more convenient.

• 941 Zero Wage Return: Businesses with no employees or payroll for the quarter can file a zero-wage return in just a few clicks.

• Balance Due: Businesses can pay the balance due on Form 941 using various payment options, including credit or debit cards and EFTPS.

• Excel Template for Bulk Uploads: Client data can be easily imported using a pre-built 941 Excel template, saving valuable time on manual entry.

• Schedule B (Form 941): Semi-weekly depositors can report their tax liability through 941 Schedule B, which can be filed directly with Form 941.

• Easy E-signature Options: TaxBandits offers multiple signature options, including an Online Signature PIN or Form 8453-EMP, ensuring that signing and submitting Form 941 is quick and convenient.

TaxBandits Introduces E-filing of Form 941-X for Corrections

Businesses and tax professionals can now correct errors on previously filed Form 941 more easily with the introduction of electronic filing for Form 941-X. Previously only available in paper form, the IRS now allows e-filing of corrections starting in 2024, simplifying the amendment process. Whether the original Form 941 was filed through another provider or not, TaxBandits offers a solution for e-filing Form 941-X, enabling businesses and tax professionals to quickly and efficiently correct their filings.

Seamless 941 Automation for Q3, 2024 with TaxBandits API

Businesses and tax professionals can now integrate the TaxBandits API directly into their software or portal, automating tasks and ensuring accuracy. This powerful integration minimizes manual efforts, streamlining the 941 filing process and making it easier than ever to stay compliant.

Seamless Tax Payment Solutions

TaxBandits supports EFTPS Online Payment, allowing businesses to make secure federal tax payments directly through the platform. This addition enhances convenience and streamlines the tax filing process.

Businesses, tax professionals, and aggregate filers can start enjoying the TaxBandits solution today by creating a free account at taxbandits.com.

About TaxBandits

TaxBandits is a SOC 2 Certified, IRS-authorized e-file provider specializing in various tax forms such as Form 941, Form 940, Form 1099, Form W-2, Form 1095-C, Form 1095-B, and Form W-9. Serving businesses, service providers, or tax professionals of every shape and size, TaxBandits offers a complete solution that fulfills all filing needs.

BOI Reporting Solutions

In addition to tax filing services, TaxBandits offers a comprehensive solution for business and tax professionals to meet their FinCEN Beneficial Ownership Information (BOI) reporting requirements.

Through TaxBandits, clients can easily prepare and submit various BOI reports, including Initial, Corrected, Updated, and Newly Exempt Entity reports. Additionally, clients who file their BOI reports through TaxBandits can make free corrections or updates within one week of the original submission date.

API Solution

TaxBandits provides another advantage for high-volume filers and software providers. TaxBandits API enables seamless preparation and e-filing of 1099, W-2, 941, 940, and ACA 1095 forms and BOI reporting. Use the developer filing 1099 API to request W-9 and automate the filing efficiently.

About SPAN Enterprises

Headquartered in Rock Hill, South Carolina, SPAN Enterprises has been developing industry-leading software tools for e-filing and business management for over a decade. The SPAN Enterprises portfolio includes TaxBandits, Tax 990, ACAwise, ExpressExtension, 123PayStubs, and TruckLogics.

For media inquiries, please contact:

Stephanie Glanville
Content Writer, SPAN Enterprises
stephanie@spanenterprises.com

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SOURCE: TaxBandits