CHARLOTTE, NC / ACCESSWIRE / April 15, 2024 / The deadline for filing the quarterly payroll Form 941 for the first quarter of 2024 is quickly approaching, with employers required to submit this form by April 30, 2024. This deadline holds particular significance for tax professionals and CPAs, as many of their clients are employers mandated to file Form 941.

Employers who withhold federal income, social security, and Medicare taxes from their employee's wages must ensure timely submission of Form 941, Employer's Quarterly Federal Return, to the IRS by this date.

TaxBandits presents an optimal solution for tax professionals and CPAs seeking a streamlined approach to 941 filing on behalf of their clients this quarter. E-filing with TaxBandits not only saves filers time but also improves the accuracy of the IRS tax forms they submit.

Here's a closer look at the types of tax professionals that can benefit from TaxBandits' streamlined filing solutions:

CPAs: Certified Public Accountants that file payroll forms on behalf of their clients.

RA: Reporting Agents are authorized to manage their clients' payroll tax filings and IRS deposits.

PEOs/CPES: A Professional Employment Organization or a Certified Professional Employment Organization offers their clients HR solutions that may include payroll tax filing and deposits.

3504 Agents: Another type of Reporting Agent that is authorized under IRS Section 3504 to manage withholding, reporting, and paying federal employment taxes on an employer's behalf.

Staff Management Tools for an Efficient Workflow

With TaxBandits, tax professionals can easily optimize their workflow to include as many team members as they need to carry out their clients' filings. Staff members can be invited to securely access the TaxBandits account by setting up their own credentials. Then, the account Admin can assign them roles and permissions for the clients they are responsible for. Large firms with multiple teams and locations can even group their teams by office location.

Client Management Tools for Secure Communication

TaxBandits offers solutions for their clients to communicate securely throughout the filing process with the help of a client portal. Tax professionals can easily invite their clients to set up a secure portal where they can share filing information safely, add observations, and share forms for review. The secure portal can be customized with the colors and logo of the firm to be easily recognizable for their clients.

Bulk Uploads for Form Data

Tax professionals can significantly reduce the time and manual effort needed for filing Forms 941 by utilizing TaxBandits' Bulk Upload feature. With the provided 941 bulk upload template, tax professionals can conveniently upload all 941 data in a single batch, which is then seamlessly integrated to populate their clients' 941 Forms, streamlining the filing process with ease and efficiency.

Prepaid Credits Maximize Savings

For tax professionals handling a high volume of filings, prepaid credits are indispensable. These credits provide cost savings for those managing numerous forms, enabling tax professionals and their staff to streamline the filing process by bypassing the checkout process. With prepaid credits, there's no need to enter credit card information; instead, credits are automatically applied, allowing for more efficient form submissions.

While tax professionals have the option to securely share a credit card with their team within their TaxBandits account, prepaid credits serve as an excellent alternative for Admins who prefer not to utilize a shared card. This allows for greater flexibility and control over payment methods while ensuring seamless collaboration within the team.

When asked about the many features offered to Tax Professionals, CEO and Co-founder of SPAN Enterprises (parent company of TaxBandits), Agie Sundaram, responded, "TaxBandits continues to focus on providing a streamlined and superior e-file solution for tax professionals and CPAs. Our team is dedicated to enhancing and refining the e-filing experience. With unparalleled features and functionality, TaxBandits sets a standard unmatched elsewhere in the market."

Tax professionals can begin e-filing Form 941 and more today at www.taxbandits.com

Additionally, given that today is the deadline for taxpayers to file their tax returns, it is certainly worth noting that TaxBandits' sister product, ExpressExtension, offers a simple solution that enables tax professionals to upload and file their clients' extension Forms 4868 in bulk.

About TaxBandits:

TaxBandits is a SOC 2 Certified, IRS-authorized e-file provider specializing in Form 1099, Form W-2, 1095-C, 1095-B, Form 940, Form 941, and Form W-9. Serving businesses, service providers, and tax professionals, TaxBandits offers a comprehensive solution for year-end filings.

Software providers and other high-volume filers 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 automate 1099 filings 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 Tax 990, ACAwise, ExpressExtension, 123PayStubs, and TruckLogics.

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

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SOURCE: TaxBandits