Compare 1099 Software BoomTax vs Thomson Reuters ONESOURCE: Comparison

At a Glance
Thomson Reuters (ONESOURCE) is an enterprise information reporting platform serving large organizations. BoomTax is a purpose-built 1099 and ACA platform with self-service onboarding and transparent pricing. This comparison helps businesses evaluate enterprise platforms versus specialized solutions.

Why Teams Switch from Thomson Reuters (ONESOURCE) to BoomTax

  • Self-service onboarding—live in days, not months
  • Flat per-form pricing without complex procurement
  • Agile product updates and responsive support

Overview: BoomTax vs Thomson Reuters (ONESOURCE)

Thomson Reuters (ONESOURCE) ONESOURCE is an enterprise information reporting platform serving large organizations with comprehensive regulatory reporting needs. Implementation typically involves complex procurement and multi-year commitments.

BoomTax offers purpose-built 1099 and ACA compliance with self-service onboarding, transparent pricing, and direct access to compliance experts—without enterprise procurement complexity.

Feature Comparison

Feature BoomTax Thomson Reuters
Implementation Time Days (self-service) Months (enterprise)
IRS-Authorized E-File
1099-NEC E-Filing
1099-MISC E-Filing
1099-INT/DIV E-Filing
ACA 1095-B/C E-Filing
W-2 E-Filing
Transparent Pricing Enterprise pricing
No Long-Term Contract Multi-year typical
Self-Service Onboarding Professional services
Direct Support Line Tiered support
API Integration
Agile Updates Slower release cycles
Procurement Required

Enterprise Platform vs Specialized Solution

BoomTax Advantages

  • Fast Start: Self-service, live in days
  • Transparent Pricing: Pay per form, no surprises
  • Agile Updates: Quick response to IRS changes
  • Direct Support: Talk to experts directly
  • Purpose-Built: Focused on 1099/ACA

Thomson Reuters (ONESOURCE) Considerations

  • Complex Procurement: RFP cycles and approvals
  • Multi-Year Commitments: Long-term contracts
  • Professional Services: Implementation fees
  • Slower Updates: Enterprise release cycles
  • Broad Platform: Many reporting types

Observations based on typical enterprise vendor experiences.

Pricing Comparison

BoomTax Pricing

  • Transparent per-form pricing
  • No minimum contract value
  • Volume discounts available
  • All features included
  • No implementation fees
  • Cancel anytime

Thomson Reuters (ONESOURCE) Pricing

  • Enterprise pricing model
  • Multi-year commitments
  • Professional services fees
  • Module-based pricing
  • Premium support tiers
  • Contact sales for pricing

Frequently Asked Questions

Yes, BoomTax is an excellent alternative for 1099 and ACA compliance without enterprise platform complexity. Self-service onboarding, transparent pricing, and direct support.

BoomTax offers self-service onboarding—live in days. Thomson Reuters ONESOURCE typically requires professional services and months of implementation.

Yes, BoomTax scales to enterprise volumes with API integration, dedicated support, and volume pricing. Contact us to discuss your requirements.

BoomTax focuses on 1099 and ACA compliance. For broader information reporting, you may need additional solutions.

BoomTax provides direct access to compliance experts. Enterprise platforms often have tiered support with escalation processes.

Yes, for 1099 and ACA compliance. Export your data and import it into BoomTax. Our team can help with migration.

No procurement required

Ken Ham
Author
Ken Ham
Founder at BoomTax
View all posts

Passionate about making tax compliance simple so businesses can focus on what matters.

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