Fintra Feature

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.
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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

Questions people ask

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.

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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.

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