Finding the Best Tax Service for 1099 Accounting

Finding skilled workers is important, but finding the best tax service for 1099 workers can help to keep your business running. Small business owners have a handful of options for managing their tax filings for independent contractors. You can organize your reports manually in house, outsource for an accountant or software, or invest in your own contractor management platform. Each type of 1099 filing method has its own pros and cons. Check that you properly classified your workers before you choose any of the aforementioned methods.

Advanced Micro Solutions provides a straightforward and easy-to-use accounting system. Our W-2/1099 Forms Filer base program generates a multitude of 1099, W-2, and other relevant tax and payroll forms. Users must purchase the core product before they can add on any additional program modules.


Forms to File with the Best Tax Service for 1099 Workers

Collecting and filing looks different for independent contractors than it does for employees. Take time to review the forms the Internal Revenue Service expects you to collect from your workers.

Form W-9 – Collect Form W-9 from your independent contractors. Contractors must submit the form so you can file an information return to the IRS, including the income you paid the workers.

Form W-8 BEN – Request Form W-8 BEN from foreign contractors that are: Non-citizens, not residents, non-green card holders, beneficial owners of compensation for work completed.

Form 1099 – Your business must file Form 1099-NEC to report your payments to independent contractors in certain circumstances. Look for the best tax service for 1099 filing to simplify how you report non-employees that you paid at least $600 in the past year.

Form 1096 – Use Form 1096 if your business transmits paper forms to the IRS. Include Form 1096 with physical Forms 1097, 1098, 1099, 3921, 3922, 5498, and W-2G.

Familiarize yourself with these forms and any other ones that your small business may need to collect or file throughout the year. Your instinct may include buying physical copies of forms and manually reporting if you hire only a few contractors. Consider the time-saving and cost-saving measure of investing in tax software before you take time away from your other tasks.


Small Business Accounting with AMS Software

The best tax service for 1099 reporting should generate and host a variety of forms. Small businesses can use our 1099-etc software to prepare and file their end-of-year tax forms and do “live” and after-the-fact payroll. Businesses can also use the software to file affordable care act forms, quarterly unemployment forms, and foreign workers’ U.S. source income forms. Utilizing AMS lets you print forms on pre-printed forms and easily align these documents. You can further generate specific forms that you need if you purchase our Software Generated Forms module.

We designed our free 1099-etc software demo to give you further insight into our program that should exceed your tax requirements. Users can enter real-life business data into the demo. The software will transfer that information if you purchase our program later. Call our customer support team at (405) 340-0697 if you have any questions.

Software Solutions from AMS

Our W-2 and 1099 Forms Filer is our only required platform. From there, users pick the services they need. Choose from the tools below to build out your customized accounting software.