Investing in the right 1099 software for businesses is the first step toward protecting your business’s interests leading up to and during each tax season. Getting 1099 software for businesses of all sizes is important across all industries. Comprehensive software will help prevent any important details from easily slipping through the cracks. Businesses of any size should look for a scalable 1099 system. Consider the projected growth of your company and how you may wish to expand it in the next five to 10 years. Ensure that you do not outgrow software too soon and need to spend more money on another one.
Advanced Micro Solutions’ base W2/1099 Forms Filer program is an affordable and trustworthy system. The system supports up to 99,999 employees or recipients per payer. The software can operate across all 50 states, plus the District of Columbia and Puerto Rico.
Essential Features of 1099 Software for Businesses
Features make a significant difference when you look for 1099 software for businesses of all sizes. Must-have features can be as common as security and payer backup, or unique ones specifically designed for certain industries. Must-have 1099 features for any business are:
- Automation – Spend less time juggling paperwork and collecting information on independent contractors by hand. Automate contractor onboarding and 1099 management with software in just a few simple clicks. Reduce the likelihood of human errors when you select specific fields for calculation.
- 1099 Form Generation – Make tax season much less daunting if your software automatically generates Internal Revenue Service tax forms. Eliminate needing to figure out which workers need 1099 forms. Use 1099 software for businesses and save money that you would spend ordering your business’s required IRS documents.
- Easy Form Alignment – Wasting your time on aligning tax documents is time better spent on countless other business tasks. Get software with easy form alignment and expedite the entire process. Meet deadlines easier and avoid creating more work for yourself during tax season.
- Module Interaction – Your business will have less of a reliance on software integration with a full accounting suite of tools. Software like AMS includes six optional add-on modules, such as AMS Payroll and E-File, for a fully integrated experience. Your business will no longer need to worry as much about how your 1099 software for businesses interacts with other programs.
Why Should I Get 1099 Software for Businesses of All Sizes?
It is possible that smaller businesses feel that they do not need comprehensive 1099 software. Getting by with manual 1099 management is not an ideal long-term solution or the best use of anyone’s time. Getting 1099 software helps smaller businesses by:
Providing greater organization when reviewing data and analytics. Worry less about losing your important data. Centralize where you keep your documents and forms with 1099 software. Limit who has access to any data and avoid misplacing anything important or facing dangerous data leaks. Eliminating filing cabinets will likely speed up your response time during IRS audits.
Simplifying an oftentimes complex process. Introducing 1099 software for businesses will make onboarding contractors and reporting their payments much more straightforward. There are many steps to take when you bring on a new contractor. Reliable software automates many parts of the process and makes your workflow both easier and quicker.
Keeping you on track to meet deadlines. Take some of the dread out of tax season when you spend less time in your schedule purchasing, completing, and sending the forms to necessary workers and agencies. Business owners know that deadlines can sneak up on you and that tax software will help prevent you from constantly falling behind.
Preventing costly mistakes all year long. Avoiding any worker misclassification penalties or missed filing penalties is crucial for most businesses. Smaller businesses cannot necessarily afford to face even a small fine or penalty from the IRS. The best 1099 software will flag any discrepancies and bring them to your attention.
AMS Software is Worth It
Managing your 1099s should not consume your entire job. Download our free 1099-etc Demo software today and see the ways that our 1099 software for businesses makes reporting and filing easier than you may have experienced. Our core W2/1099 product offers features for users like a Common Payee File and Browse command. Simplify how often you need to enter data and how it appears for you on the entry screens. Import data from a multitude of sources like Excel, form print files, and ordinary text files.