Case Study: BrandsMart USA eliminates B and CP notices and avoids 1099 penalties with Sovos

BrandsMart USA minimizes B-notices with Sovos

BrandsMart USA, a major consumer electronics and appliance retailer, faced high-volume 1099 filing and a cumbersome TIN-validation process that left the company exposed to IRS B and CP notices and potential penalties. To address this risk, BrandsMart implemented Sovos’ 1099 reporting solution.

Sovos’ solution validates TINs at point of entry and supports multiple reporting methods, including printing and mailing 1099s, preventing errors before forms are filed. As a result, BrandsMart has effectively eliminated B and CP notices, has not experienced a 1099 filing error since implementation, reduced its exposure to penalties, and freed financial staff to focus on other business-critical tasks with the help of Sovos.

BrandsMart USA

Janet Parisi

Director of Financial Operations