Getting your business its own electronic tax filing software may feel like a big pivot. Smaller businesses who are not familiar with the ins and outs of e-filing software or filing a tax form in-house may feel overwhelmed. Trustworthy tax software will help an inexperienced e-filer eliminate the guess-work and minimize any doubts. Now with fewer small or large businesses filing paper forms, switching to e-filing is the proven way to reduce a tax return error rate from 21% to less than 1%.
Advanced Micro Solutions’ 1099-etc E-Filer software is the most affordable software on the market and was designed with small businesses in mind. A walk-through of our system using our 1099-etc Demo software will show that our small business understands what other small businesses look for in software.
Pros and Cons of Electronic Tax Filing Software
Deciding whether your business will use electronic filing software or outsource all of its tax filing duties may require more consideration as a small business.
Advantages of In-House Electronic Filing
More Control – Getting your own e-filing software for your small business means that you get to control how and when you meet the tax deadlines. Spend less time gathering information to send to an outsourced accountant so that you can focus on your business’s core operations.
Speedier Process – Sifting through paperwork for days or for weeks is largely a thing of the past. E-filing software allows its users to receive their refunds quicker. Another overwhelming benefit of getting electronic tax filing software is that it eliminates repetitive tasks and/or entries.
Accuracy At Your Fingertips – Catching mistakes is easier with electronic filing programs and correcting the mistakes tends to take less effort. You already know the importance of accurate tax filing reports. E-filing software calculates the numbers and will help to reduce the likelihood of making costly tax errors before you submit any forms.
Drawbacks of In-House Electronic Filing
Lack of Expertise – Accountants have a much broader scope of knowledge than an employee who is taking on the responsibility of running the business’s books. That is why it is important to invest in electronic tax filing software with an intuitive, user-friendly interface. Getting your own tax software is not a small decision and should not create more time-consuming work for you.
Possible Data Loss – Technology is never perfect despite all of its advantages. Software with payer backup and restore features do still have certain inherent risks. It is possible to protect a business from facing detrimental data losses by regularly updating software and saving a form or report in more than one place.
Limited Software Access – Smaller businesses do not necessarily have the same level of access to quality tax software as an accountant or an accounting firm. Whether it is due to budgets or geo-location limitations, getting electronic tax filing software should not be limited to select businesses. A system such as 1099-etc E-Filer is made by a small business for a small business with affordability and customization needs in mind.
Getting Started with AMS Software
Minimize the trial and error of installing an E-Filer system for the first time when you explore the software’s demo first. Our 1099-etc Demo software allows users to review E-File Direct (add-on module) and E-File Services capabilities. E-File Direct lets users:
- File an unlimited number of W-2 and 1099 forms to the IRS and SSA
- Create files in the program’s directory
- Verify, view, and print any files
- Create state W-2 files for any states with e-filing requirements
If you choose E-File Services instead of an add-on electronic tax filing software tool, it will:
- Integrate with a third-party vendor
- Charge a fee per form to e-file, print, and mail W-2s and 1099s
- Offer different service levels
- Provide users with a customized experience based on time and budget requirements
Eliminate the cost of expensive 1099 and W-2 forms by getting 1099-etc E-Filer software. Save time and materials by not needing to load special forms into the printer. An e-filing program makes it so that users never need to worry about if they order too many or not enough tax forms.
AMS software comes with five other optional add-on modules to our base W-2/1099 Forms Filer software program. The modules include: AMS Payroll, Forms Filer Plus, 1042-S Filer, Affordable Care Act Filer, and Software Generated Forms.