Difference Between Differential And Full Update
The Full Update is only needed when installing the program for the first time. The Differential Update includes all of the changes to the program since the original release.
How Do I Install Differential Update
Downloading the 1099-etc Differential Update is a two-step process. When the download starts it will ask you two things: Run or Save If you choose to Run the file you will be able to install the update the computer you are currently using and you will be prompted to install the program automatically. If you […]
Setup Multiple Third Party Designees
Multiple Third Party Designees are setup through multiple Users. To setup multiple Users, click the User button on the 1099-etc Main Menu, setup a new 3-character User Code and enter the information for each Third Party Designee. Then selecting the appropriate User code will print the associated Third Party Designee information. In AMS Payroll, you […]
How Do I Enable And Input Third Party Information
The Third Party Designee Option is enabled in the AMS Payroll by clicking on Payer>Payer Edit>Preferences>Other. Place a check before 6. Is a 3rd Party Designee. Once this has been set, the Third Party Designee information can be entered/changed in AMS Payroll through Options>File Management Utilities>H. Edit 3rd Party Designee Information.
FICA Withholding Rates for 2019
FICA withholding rates have not changed from 2013; the only difference is that the maximum wage subject to Social Security tax has increased to $132,900 for 2019. The rates for 2019: Employee/Employer rate for Social Security ($132,900 max subject wages): 6.2% Employee/Employer rate for Medicare (no max subject wages): 1.45% Employee rate for Medicare Surcharge […]
What Is A 1042 S
According to the IRS form 1042-S is used to report amounts paid to foreign persons, and to report amounts withheld under Chapter 3 of the Internal Revenue Code or to report distributions of effectively connected income by a publicly traded partnership or nominee. The form is not used to report anything that can be reported […]
Why Is It Important to Have Valid TIN/SSN Information?
The most important reason to have correct ID information is to avoid potentially high penalties. The current penalties are $100 for every 1099 or W-2 that has a missing or incorrect TIN or SSN. However, you can reduce the penalty to $30 if you file the correct information within 30 days of the due date […]
Employees Live In One State And Work In Another
As an employer you may be wondering what you need to do if you happen to hire an employee that lives in another state. This is a fairly common scenario if you live close to a state line and you want to be careful so that you don’t end up having to file amended returns. […]
Why Should I Use Direct Deposit
You may ask yourself why use direct deposit for issuing checks to my employees. There are several reasons. The main reason a business may want to use direct deposit is obviously the one that affects them the most, cost. You no longer have to pay someone or use your own valuable time to fill in […]