Tax Services
Streamline Tax Reporting and Ensure Compliance with Tax Services
Collecting and managing agency tax information is often a complex and time-consuming task, increasing your risk of non-compliance and financial penalties. Onyx CenterSource’s tax services simplify this entire process. As a seamless add-on to CommPay™, it automates the collection of tax data from your agency partners and provides robust reporting capabilities.
With our tax services solution, you gain peace of mind knowing your hotel tax compliance is handled efficiently. We help you maintain accurate records, mitigate risk, and reduce the administrative strain on your finance teams, allowing you to focus on what matters most- your guests and your business.
Why Choose Onyx CenterSource’s tax services solution?
Available Exclusively to CommPay Users
Our tax services solution is only accessible as an add-on to our CommPay solution, ensuring seamless integration with your hotel’s existing payment and commission management workflows.
Focus on Hotelier Needs
Designed with U.S. hoteliers in mind, our tax services solution prioritizes tax hold and agency legal data management, ensuring compliance with IRS 1099 reporting requirements. This targeted approach streamlines processes and reduces compliance risks.
Mitigate Compliance Risk
Onyx’s tax services solution keeps you current with dynamic regulations, ensuring you have the proper documentation for each agency partner and maintaining an audit-ready paper trail to protect against fines.
Improve Payment Accuracy and Control
Through CommPay, our Tax Hold feature enables you to restrict payments to agencies with incomplete tax information, so only validated transactions are processed.
Gain Clear Visibility and Reporting
Exclusive reporting access via the Onyx Customer Service Portal allows CommPay users to generate detailed tax reports on demand, simplifying filing and compliance for requirements like 1099 reporting.
Leverage a Centralized Platform
Your agency partners use the dedicated Agency Profile Portal – fully integrated with CommPay – to submit and update legal and tax details, providing all properties in your portfolio with standardized, accurate information.
A Cost-Effective, Integrated Solution
By adding our tax services solution to CommPay, you consolidate all commission and tax compliance processes, achieving greater efficiency at a lower cost than third-party alternatives.
Onyx solutions deliver the accuracy, automation, and intelligence you need to work smarter and grow your business.
How It Works
1.
Collect agency data
Gather agency legal names, tax IDs, and contact information in one place.
2.
Verify compliance
Confirm all required tax and legal details are valid before payment release.
3.
Hold non-compliant transactions
Temporarily pause funding for agencies missing tax or legal details.
4.
Chase missing information
Prompt agencies to update their profiles to resume payment processing.
5.
Provide tax reporting
Deliver accurate, audit-ready tax reports for simplified compliance.
Simplify Taxes: Get Started Now
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