Small and large businesses deserve advanced 1099 software that meets both their basic and unique needs. Avoid relying on an expensive accountant or a software service to manage the books for you. Businesses can find intuitive programs that streamline the entire 1099 and W-2 process. These programs will further make it easier for you if your business enlists an existing employee to complete and file 1099 reports. Whether you need a program for an inexperienced bookkeeper or simply need more comprehensive software, we designed our tools at Advanced Micro Solutions with multiple worker classifications in mind.
Our W-2/1099 Forms Filer offers users a full, scalable accounting suite of tools. The complete database system supports up to 99,999 employees or recipients per payer in all 50 states, plus the District of Columbia and Puerto Rico. Expand the system with our optional add-on modules as you need them without any subscription or hidden fees.
Pros and Cons of Advanced 1099 Software
The best tax software minimizes the work and headaches associated with manual filing. Choose a program that is the best fit for you based on your current needs and any future goals. Keep in mind that tax software, like any type of software, has advantages and disadvantages.
Pros
Automated Features – Look for software that gives you access to a Common Payee File. Select a payee across payers or 1099 forms without needing to enter the same information more than once. Eliminate extra inputs to reduce the likelihood of making mistakes.
Real and After-the-Fact Calculations – The best software program is expandable in its tools and modules. Find advanced 1099 software with the ability to integrate payroll. Transfer your data to state or federal forms throughout the year with live or after-the-fact payroll.
E-Filing Capabilities – Submit your completed forms to the Internal Revenue Service with a few simple clicks. Use an E-Filer to additionally send any corrected forms before you incur a higher penalty fee for miscalculations or oversights.
Cons
Possible Hidden Fees – Software should not have fees that take you by surprise. Speak to any potential vendor if you have questions about software tiers or limitations for features.
Unnecessary Features – Some vendors will try to upsell your business specific features that you do not need. Get advanced 1099 software that fits your business’s current needs and the most important future plans for growth or development.
Potential Learning Curve – Boutique small businesses may not be inclined to hire an in-house accountant and that should not restrict them. Explore intuitive software programs with little to no learning curve. See if a vendor provides its users with a Frequently Asked Questions page and strong customer support.
Who is Tax Software Right For?
You may begin exploring do-it-yourself tax software early or later in your business’s years of operation. Hiring a CPA is usually a safe bet, but do not worry if that is not an option for you. Advanced 1099 software is a good idea when:
You run a small hustle and manage the books yourself. Reduce your overall workload with advanced tools, such as a Browse Command and Default Command. Enter your data using a spreadsheet format and “define” default values for a form with these advanced features.
Your business plans to itemize specific deductions. One great thing about tax software is the possibility of add-on modules. Look for a 1099 system that helps you integrate with payroll. Check if your payroll module includes user defined fields. Set up these fields for deductions or additions like 401Ks or health insurance.
You want to onboard independent contractors along with employees. Anything less than advanced tax software for multiple worker classifications will likely create headaches. E-file year-end W-2 and 1099 forms to the IRS or the Social Security Administration with the most comprehensive program.
The Best Features of AMS Software
We offer a wide variety of advanced 1099 software features for businesses across industries. Payer backup and restore features are available. Save your reports to encrypted PDFs and create an SSN verification file to verify an employee’s Social Security Number with the SSA. Generate hash totals of SSNs and TINs with our Table Report tool and check the accuracy of your business’s data entries. Import your data from a variety of sources like Excel, form print files, and ordinary text files.
Download our free 1099-etc Demo software today to explore how our base program interacts with separate modules. Our six optional add-on modules are AMS Payroll, E-File, Forms Filer Plus, Software Generated Forms, 1042-S Filer, and the Affordable Care Act Filer.