Given the recent regulatory reporting changes such as corporate reporting, and increased scrutiny on tax reporting, both companies felt it was time to offer best-in-class solutions to the insurance market.
"Our partnership with StoneRiver offers the insurance industry a back office product that provides not only financial management support but also reduces both the costs and risks associated with handling 1099 reporting," says Brian Provost, president and CEO of Convey Compliance Systems. "Convey is proud to be working with StoneRiver clients to provide 1099 reporting and withholding services, especially at a time when risks for non-compliance are higher than ever."
Convey's 1099 reporting solutions offer insurance providers an on-demand verification of tax identity information, and streamline the cumbersome 1099 statement delivery and filing processes, minimizing the risk of penalties and fines.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
