Independent contractor tax software is used to track and report payments made to 1099 workers. While most employers will work primarily with employees, contractors are abundant in the business world. Whether hired for short-term project management or long-term building maintenance, independent contractors are a part of every organization. You should have a software to support their payment and wage reporting.
Advanced Micro Solutions provides user-friendly accounting software. For those in need of updated or more efficient independent contractor software, our W-2/1099 Forms Filer and accounting and payroll software will do the trick. Combined, these tools have everything a business needs to handle payment and reporting.
The Top Independent Contractor Tax Software Requirements
Independent contractor tax software is essential for every business – whether you work with 1 or 100 contractors during the year. Here are some of the features you should prioritize when searching for a tool:
- Printing Capacity: 1099 forms have a significant printing obligation. For each 1099 worker with whom you contract, you will need to produce five separate 1099 copies. This makes printing capacity extremely important. When looking for software, prioritize tools that can print 1099 information on pre-printed forms. If possible, look for tools that can generate forms within the software or with a modular addition.
- Reporting Ability: Reports are an important piece of business documentation. Look for a W-2 and 1099 software that can generate a variety of reports. At minimum, this should include Table and Worksheet Reports, Recipient Lists, Client Letters, and hash totals of SSNs and TINs. Users should also be able to encrypt PDF files for data security.
- User-Friendly Data Entry: Seek out 1099 software that includes a Common Payee File. This will reduce the number of times the user will need to type the same information. Additionally, prioritize tools that have flexible import and export functions, an automatic save function, and automatic calculations.
Find Your Contractor Software at AMS
Independent contractor tax software can look different at every company. That’s why the ability to customize is extremely important. With AMS, users can manage their independent contractor labor efficiently and accurately. All our software tools are built off a robust W-2/1099 Forms Filer. With 1099 filing at the center of our accounting suite, you can rest assured that you’ll get the support you need.
After selecting the W-2/1099 Forms Filer, users can choose the add-on tools they’d like to try. AMS Payroll is a great addition for companies who use independent contractors. This payroll software records and distributes contractor payment for easier end-of-year filing. Sometimes, a company might work with a contractor for a day or two early in the year. Without an efficient independent contractor software, they may neglect to account for that worker and their payment. Contractors won’t slip through the cracks with AMS.
If you’re interested in trying AMS for yourself, check out our free demo software. For those with additional questions, call our Sales and Information Team a call at 800-536-1099. Whether you work with contractors or employees, Advanced Micro Solutions has the support you need.