Product Release - June, 2017
CRS Software for OECD AEOI Reporting!
1099 Pro recently released CRS PRO, Common Reporting Standard software, for financial institutions subject to the Organisation for Economic Co-Operation and Development's (OECD) reporting requirements.
For those who are unfamiliar with the CRS reporting requirements, CRS stands for Common Reporting Standard and was originally developed as part of the Automatic Exchange of Information for Tax Matters (AEoI) by the OECD in order to detail multi-lateral financial account reporting between tax jurisdictions. The Common Reporting Standard itself details the due diligence process, requirements, and reporting medium/format in which these financial accounts should be reported. To date, the AEoI / CRS program is supported by at least 100 jurisdictions.
About 1099 Pro, Inc.
1099 Pro, Inc. ( www.1099pro.com ) is a market-leading provider of information-reporting Solutions & Services for 1099, W-2 and 1042-S filers. 1099 Pro develops and markets a comprehensive range of products that enables any size of business or institution to effectively manage and complywith all 1099, W-2 and 1042-S filing requirements.
1099 Pro products range from i) Client Server / ASP applications capable of filing over 100 million records utilizing a MS SQL back end with a multi year presentation of forms via Internet Explorer to ii) desktop software products for filing from 20 - 100,000 forms to iii) www.eFileMyForms.com for internet filing of < 20 forms. Adjunct products include secure Hosting and Services for information processing, printing, filing and penalty abatement.
1099 Pro is a Microsoft Certified Partner, MBE certified and has received SSAE 16 SOC I Type II certification.