Pay Contractors and File 1099s Without the Year-End Panic
Track every contractor payment against reporting thresholds all year, then generate and file 1099-NEC forms in a click - no January reconstruction from bank statements.
What contractor payments covers
Fintra tracks cumulative contractor payments against 1099 reporting thresholds throughout the year, collects the tax details you need, and prepares 1099-NEC forms at year end - your payroll provider handles the payments and the filing, not Fintra. It also flags worker-classification risk so you don’t treat an employee as a contractor by accident.
- Contractor payments tracked all year
- Threshold tracking for 1099 reporting
- W-9 / tax detail collection
- 1099-NEC generation and filing at year end
Classification guardrails
Year-end without the scramble
From payment to filed 1099
- 1
Onboard contractor
Collect W-9 / tax details up front.
- 2
Pay
Pay contractors; payments accrue against the threshold.
- 3
Track
See who crosses the reporting threshold in real time.
- 4
Generate
Produce 1099-NEC forms from tracked payments.
- 5
File & deliver
File with the IRS and deliver copies to contractors.
Part of payroll and the ledger
- Shares the payroll and payments rails
- Contractor spend posts to the general ledger
- Feeds year-end alongside W-2 processing
Frequently asked questions
Does Fintra generate and file 1099-NEC forms?
Yes - it tracks contractor payments against the reporting threshold all year, then generates 1099-NEC forms, files them, and delivers copies to contractors at year end. No reconstructing totals from bank statements in January.
How does it help avoid misclassification?
It flags worker-classification risk when a contractor’s pattern looks employee-like, so you can address it deliberately. Misclassification carries back taxes and penalties, so catching it early matters.
When is a 1099 required?
Generally when a business pays an unincorporated contractor at or above the IRS reporting threshold in a year. Fintra tracks cumulative payments per contractor so you know exactly who needs a form without manual tallying.
Can I pay contractors and employees in one system?
Yes. Contractor payments share the same payroll and payments rails as employee pay, and both post to the general ledger - so your whole workforce spend is in one place.
Stay in the loop
One practical finance briefing a week - new guides, checklists, and benchmarks.
End the year-end 1099 scramble
Talk to us - we will map it to your stack. Pay contractors and file 1099-NEC forms from tracked payments.
Talk to us