Automate Q2 2024 Form 941 Filing with TaxBandits' API Integration!

CHARLOTTE, NC / ACCESSWIRE / June 21, 2024 / The second quarter of 2024 is about to end, and it's almost time for businesses to start gathering the required information to prepare their Form 941, which is due on July 31, 2024.

Traditionally, preparing the 941 forms involves a lot of manual work and calculations. To simplify this, businesses can switch to automation. TaxBandits, the ever-reliable platform for businesses to meet tax compliance, offers an API that can be integrated with existing systems to automate the 941 filing process.

Automating Form 941 with TaxBandits API for Q2 2024

For this quarter, the IRS has made several changes to Form 941's business rules and schema to accommodate the changes related to COVID-specific fields on the form. To stay aligned with these changes, TaxBandits API has upgraded its system, ensuring compliance with the new regulations.

The developer-friendly API of TaxBandits enables businesses and software providers to seamlessly automate 941 forms right from their portal or application. From form generation to e-signing, clients can streamline every aspect of the filing process with TaxBandits API integration. Here is how 941 automation works in the TaxBandits API.

Form Generation - The clients will provide the required information using an API request and let TaxBandits generate Form 941 for them.

Validations - TaxBandits will validate the generated form based on the IRS Business Rules to ensure they are in line with the IRS guidelines.

E-Signing - Based on the type of filer they are, clients can authorize and sign their 941 returns using Form 8453-EMP, Form 8879-EMP, or RA PIN.

E-filing with the IRS - Once the forms are reviewed and e-signed, TaxBandits will transmit the returns to the IRS.

Tools and Resources to Develop with Confidence!

TaxBandits API provides numerous tools and resources tailored to assist developers in making the best use of API. Here are some of them.

Documentation - Comprising detailed instructions for each endpoint with sample requests/responses, TaxBandits API documentation offers complete guidance to the developers.

Sandbox - Clients have the option to simulate the e-filing process in a secure sandbox environment before moving their application to the production environment.

SDK - TaxBandits API offers open SDK libraries in Java, Node JS, Dot Net & Python, aiding the developers in using the API.

Advanced Security - As a SOC-2-certified company, TaxBandits ensures complete data protection by implementing standard security measures and protocols.

Developer Support - Clients can always reach out to the dedicated team of support in case of any queries related to the API.

Customized APIs for Businesses and Platforms

To meet the unique needs of clients, TaxBandits offers two different types of APIs.

API for Businesses - This API model allows clients to use API endpoints to automate the filings within their software/portal. The client's users will have no access to TaxBandits and all their filings will be managed within the client's application/portal.

API for Platforms- This is a hybrid API model in which each client's users will have an individual account in TaxBandits. Their data will be transferred from the client's platform to TaxBandits UI where they can complete their filing process on their own.

When asked about the solution that TaxBandits API provides for businesses, Agie Sundaram, the CEO and Co-founder of SPAN Enterprises (parent company of TaxBandits), responded by stating, "TaxBandits API offers a robust platform tailored to meet the needs of businesses. By seamlessly integrating with existing systems, our API empowers businesses to automate tax filing processes, ensuring compliance and efficiency. This solution not only simplifies operations but also fosters growth and scalability in a rapidly evolving market."

Visit developer.taxbandits.com today to learn more and create a sandbox account.

About TaxBandits

The 1099 and W-2 experts! TaxBandits is a SOC 2 Certified, IRS-authorized e-file provider of 1099, W2, Form 1095-C, Form 1095-B, 940, 941, 943, 944, 945, and W-9, serving businesses, service providers, and tax professionals of every shape and size.

Payroll providers, affiliate software providers, and gig-related software providers, to name a few, can take advantage of TaxBandits API. The integration allows them to add value for their clients and expand monetization efforts. TaxBandits API enables seamless preparation and e-filing of 1099, W-2, 941, 940, and ACA 1095 forms. Software providers can also use the developer-friendly 1099 API to request W-9s and use that information to enable seamless 1099 automation.

About SPAN Enterprises

Based in Rock Hill, South Carolina, SPAN Enterprises has been developing industry-leading software solutions for IRS e-filing and business management tools for over a decade.

The SPAN Enterprises portfolio of products includes TaxBandits, Tax990, ACAwise, ExpressExtension, 123PayStubs, and TruckLogics.

For any media inquiries, please reach out to Stephanie Glanville, Content Writer at stephanie@spanenterprises.com.

SOURCE: TaxBandits

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