A Guide to the Types of 1099 Form 2018

The new year may mark the start of new beginnings for many, but those filling out their 1099 forms may see this time of year in a different light. Whether you are an accountant or going through the filing process for your business, it is important to keep in mind the most common types of […]

How to Find the Best Restaurant Payroll Software

Make the organizational and tax process easier with the best restaurant payroll software available. Advanced Micro Solutions has everything a business needs in a restaurant payroll software. Improve and support staff morale with impeccable data management and flexible payroll options. By prioritizing accurate record keeping and documentation, filing for tax season will be stress-free.   […]

Can I File W2 and 1099 Separately?

You are not alone if you find yourself asking, “Can I file W2 and 1099 separately?” In short: No. Many employees on company payroll end up accumulating multiple income sources. A “side hustle,” as part of the larger gig economy, is one or more part-time jobs that adds to a person’s overall income. Employers issue […]

Are Bonuses Included in W2 Filings?

If you have paid a bonus to employees sometime during the tax year, you may wonder: Are bonuses included in W2 filings? In short: Yes. An employer should report bonuses paid to an employee in box 1 of a W2. However, this can get a little complicated. The following guide will walk you through the […]

What You Should Prioritize in an Agriculture Payroll Software

Knowing what you need out of an agriculture payroll software is a key part of finding a software provider. Managing a farm comes with a lot of responsibilities, including accurate bookkeeping and payroll for your employees. AMS has many great features that make your job easier. An excellent agriculture payroll tool should be easy to […]

Important 1042-S vs W2 Differences, Explained

The differences between 1042-s vs W2 might feel confusing. Employers use both forms to report wages – sometimes one of them, sometimes the other, and sometimes both. Your filing requirements depend on your employees’ statuses. Therefore, it’s a good idea to understand how both forms work before starting any tax and wage prep. This will […]

What is the Best Payroll Software for CPAs?

The best payroll software for CPAs is a simple, easy-to-use, and reliable tool. But finding the right payroll software is important for any company. For a reliable certified public accountant, knowing what to prioritize in a payroll software is also the key to a successful business. Researching your options is a great place to start. […]

Important Features for the Best Small Business Payroll Software

If you are running a small business, you are constantly evaluating necessity versus excess. That distinction is important when it comes to finding the right payroll software. Knowing which features are essential is the key to finding the right software. Advanced Micro Solutions offers both a reliable and powerful payroll software. Its accounting capabilities make […]

What are the Employer Benefits of 1099 vs W2?

The benefits of 1099 vs w2 is a question that remains slightly confusing, with valid arguments on both sides. It has also become even more relevant in the past year, especially given remote work’s rise. The question remains: Is it more beneficial to input workers in your payroll system or to seek independent contractors? Ultimately, […]

Everything You Need to Know About 1099 OID Refund Fraud

The 1099 OID is an increasingly common form. Also known as the Original Issue Discount, it is used to report income generated from specific forms of interest. This applies to the following cases: For any person for whom an individual withheld and paid any foreign tax on OID If the original issue discount includible in […]