IRS Filing Software for Employers, 2000 Customers annually
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Asking Price
$5,000,000
Detailed Information
Business Description
This company offers a comprehensive solution for employers and financial institutions to prepare and file IRS information returns, wage reports, and compliance documents like SSA and ACA returns. Their software caters to a diverse clientele of around 1,900 to 2,000 customers annually, ranging from large corporations to educational institutions and government agencies. Customers can choose to distribute tax forms to recipients, opt for printing and mailing services, or securely e-file their returns. They have seen a surge in new customers due to a potential IRS policy change that may require more companies to e-file their reports by 2023. The software is equipped with features such as TIN validation, error detection and correction, combined federal and state filing, and electronic state wage report submission. The company's à la carte service model sets it apart from competitors, allowing clients to tailor their purchases and benefit from competitive pricing. Despite minimal marketing efforts, substantial growth has been fueled by satisfied customers recommending the company's sophisticated software and top-notch support to others.