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 pays contractors, tracks cumulative payments against 1099 reporting thresholds throughout the year, collects the tax details you need, and generates and files 1099-NEC forms at year end. 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
Start free, no card required. Pay contractors and file 1099-NEC forms from tracked payments.
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