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Streamlining 1042-S Reporting and Withholding in AP
February 26, 2025
Q. From an organization structure and systems perspective, how are organizations managing 1042-S reporting? If withholding is identified, how is that processed by AP teams? We currently have a very manual process, where our payroll team is responsible for 1042-S review/determination and a "paper" letter is created to notify AP if withholding is required. As you can imagine this is inefficient and leaves lots of room for misses. We are hoping to automate a workflow step for review though are…
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