Many small business owners starting out will likely ask themselves two questions: What is IRS Form 1099 and do we need 1099 software to complete and file the form? The short answer to the second question is, yes. Using W-2/1099 software will help any business when it comes to streamlining accounting and payroll tasks. Form 1099 is not necessarily complicated, but small and medium-sized businesses do not always have teams to complete accounting tasks. Getting 1099 software is a more efficient way of handling forms with accuracy and proactiveness.
Advanced Micro Solutions’ base W-2/1099 Forms Filer program is a complete database system that is capable of generating different 1099s, W-2s, and other forms. Pair the base system with any of our six optional add-on modules for a full-accounting suite of tools. Download our free 1099-etc Demo software today and get started.
What is IRS Form 1099 Software Used For?
You may already be or feel like you are an expert when it comes to 1099 paperwork. The right software can still save you time and help to prevent needless errors. Get 1099 software to:
Simplify filling out multiple forms. Onboarding and managing 1099 independent contractors can become time-consuming. Take out some of the extra steps with comprehensive software. A good program will automate how you fill out 1099 forms. Software helps ensure that all of your workers are paid accurately and on time.
Stay on top of all your business’s deadlines. The Internal Revenue Service’s tax forms come with their own set of varied deadlines. When you ask yourself, “What is IRS Form 1099 software used for?” the answer is: to make meeting all of your deadlines easier and less overwhelming. A trustworthy system will allow you to review any liabilities whenever you need to reference them.
Reduce the risk of making major errors. Making human errors is normal, but it can result in hefty penalties from the Internal Revenue Service. Look for 1099 software that catches major problems before they become them. Utilizing tax and accounting software requires less manual oversight from individuals or team members.
Centralize where you store important documents and forms. Eliminate endless drawers of paperwork and stuffed filing cabinets with 1099 software. If you ever wonder about the purpose of 1099 software, know that its big goal is to make sure that all businesses stay organized and can access forms in the event of an audit.
Best Features of 1099 Software
Think about the 1099 software features that your business may need before buying a program. Core features to look for in your software include:
Modular Capabilities – A complete database system with all-in-one modular capabilities will go a long way for a small business. The best program, like AMS, is both affordable and customizable so that you can design your system with the exact tools that you need. The tools can range from payroll processing to electronic filing.
Scalability – Invest in a program that can grow with your business if you decide that you want to expand it. A 1099 system that supports growth may support a certain amount of payers. It may also support multiple geo-locations.
Automatic Saving – Find 1099 software that automatically saves your business’s data when you access a new record or form. Protect the data and ensure that anything you edit is safely stored to reduce the risk of losing it.
Easy Importing and Exporting – Look for a program that allows you to import and export your business’s data from multiple sources. Think about the third-party systems or applications that are used by your business on a regular basis. Software like AMS allows its users to import the business’s data from multiple sources like Excel, form print files, and ordinary text files.
Get Started with AMS Software
You can definitively answer “What is IRS Form 1099 software for?” but now it comes down to making the decision that is best for you and your business. Our W-2/1099 Forms Filer uses a Browse command tool so that users can enter their data while using a spreadsheet format. A separate but related perk of our system is that you only need to enter payer information once. Make the most of easy form alignment and print forms on pre-printed forms.
Our base system can be joined by six add-on modules. The modules are: E-File, AMS Payroll, 1042-S Filer, Software Generated Forms, Forms Filer Plus, and an Affordable Care Act Filer.