1099 forms and software are among the most important purchases a new business can make. While many companies will start operating with a payroll software in place, few think to incorporate support for end-of-year tax filing. If left unprepared, 1099 form and software requirements can pile up. For companies filing business taxes for the first time, this can spell disaster.
Advanced Micro Solutions aims to make 1099 software and reporting more accessible. We create business-friendly accounting tools to help streamline and expedite the reporting process. Our 1099 software is among the most user-friendly available. It can also print directly on pre-printed 1099 forms, which will save business owners time – and a headache. Whether you’re looking to purchase 1099 forms or need a whole new software suite, AMS has the answer.
1099 Forms and Software Requirements for Small Businesses
Small businesses need to abide by several requirements when it comes to 1099 filing. Then, they’ll need to secure a software tool that can support those responsibilities. Here are two key obligations of 1099 filing and the software functions that support them:
- Distribute forms to the appropriate workers. In general, businesses need to send 1099 forms to any person or entity to whom they have paid at least $600 during a tax year. Additionally, the business is responsible for producing several copies of a 1099 for each contractor. This means that a 1099 software should have the ability to support many recipients. The software tool should also have easy data entry to allow users to prepare documents quickly and efficiently.
- Verify personal information for contractors. When beginning a relationship with a contractor, the employer will collect a W-9. This form includes essential personal information. But, when it’s time to distribute 1099 forms, the employer might want to verify the provided data. To do this, look for 1099 software that can create an SSN verification file. You can use this to verify contractor identity with the SSA.
Organize Your 1099 Forms and Software with AMS
For new and growing businesses, organizing 1099 forms and software can feel overwhelming. Advanced Micro Solutions is working to make this work more accessible. With our W-2/1099 Forms Filer, users can gain control over their independent contractor accounting. Use this tool to collect and store data throughout the year. Then, print and distribute 1099 forms in time for the annual tax season.
This software tool can print 1099 forms on pre-printed forms. Users can also software-generate forms with the addition of our Software Generated Forms module. For businesses who also need payroll support, AMS Payroll will export all payment data to the W-2/1099 Forms Filer with just a few simple clicks. Create the comprehensive and budget-friendly small business accounting software you deserve.
If you believe AMS might be a good fit for your business, let us know. Our Sales and Information Team is ready to take your call at 800-536-1099. We also encourage potential users to check out our free demo software. This provides an opportunity to see just how user-friendly our products can be. Get your small business accounting in order with help from AMS.