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As you prepare for your January activities surrounding year-end IRS compliance processing (i.e. forms, submittals, etc.), we want to make you aware of several exciting new services offered by Resort Advantage (RA), that can help you to save time, reduce costs, minimize risk, and enhance your patrons' experience with your property. With the services below, you and your staff can focus on other year-end initiatives - let RA and Convey Compliance reduce the burden of these year-end tasks on your Compliance Team. Now is the time to think about how we can help you with what will surely be a busy January in your department!
We are confident that your property could benefit from these new offerings for 2012. If you are interested in receiving a quote to complete any of the services below, please contact us 800.317.5475 or info@resort-advantage.com.
1) Bulk TIN / OFAC / DML Checking
RA can perform a complete EIN/SSN, OFAC, and Death Master List check of your entire patron and/or vendor master file that resides in your casino management system (Bally, Konami, IGT, Aristocrat) or casino accounting system (Great Plains, Dynamics, etc.). We can quickly provide the results back to you for use in your 2012 transactions, resulting in a cleaner 2012 year-end.
2) IRS Forms Printing / Submission
Using Convey's Taxport hosted IRS filing solution, RA can retrieve 2011 W-2G, 1099M, and 1042s from your casino management system (Bally, Konami, IGT, Aristocrat) or casino accounting system (Great Plains, Dynamics, etc.) and scrub the data prior to submitting it to the IRS. We can help you to uncover potential errors in withholding, TIN mismatches, and patron/vendor mailing information prior to submission to the IRS. Allowing you to make corrections and then print forms for your own mailings to your patrons and vendors. With one-mouse click, generate a compliant electronic submission file for all 2011 filings that can be electronically sent to the IRS.
3) IRS Forms Printing and Mailing
As an extension to IRS Forms Printing / Submission above, why not let Convey perform all of the forms printing and mailing for you? Using the transactions that you have posted to your Taxport account, Convey can handle the complete outsourcing of printing and mailing, including postage.
4) IRS Forms eStatement Delivery
Save on the cost of printing and mailing forms by allowing Convey to present a secure web portal dedicated to your patrons, available from within your property website, that offers self-service IRS forms capabilities to your patrons. Patrons can "opt-in" or "opt-out" of this service that will allow them to securely access IRS forms filed during the current/prior tax years as desired, and print them on their own. Using the patron email address as a required data element to accessing their filing history, your marketing department will be able to obtain additional valuable marketing contact data as a result of the process.
5) Vendor Master File Cleanup
With the recent changes to the 1099 reporting regulations, properties are required to be much more accurate and complete with the TIN and address information for all vendors that are on file, where payments in aggregate of $600 for 2012 will require a 1099 to be filed for those vendors. Convey can help you to scrub your vendor master file by performing a TIN match, an entity name verification, and entity address verification. For vendors with missing / outdated information, Convey can also contact the vendors to gather this information on your behalf - again leveraging the outsource compliance specialists at Convey to get results quickly.
Please contact RA today to learn more about how we can bring these highly beneficial services to your property!
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