Searching for the best 1099 software for small enterprises differs from business to business. Each business or chain has its unique needs. Prioritize making sure that your business has some form of tax preparation technology. Do not try to manually manage the books. Whether your business needs to speed up the accounting process or reduce costly mistakes, get 1099 software as a reliable solution. Do your research and invest in an affordable and customizable software system.
Advanced Micro Solutions’ base W2/1099 Forms Filer program should not break the bank for a small business enterprise. We designed the user-friendly software with small businesses and accountants in mind. Explore our full accounting suite of tools with the purchase of any of our six optional add-on modules.
Pros and Cons of 1099 Software for Small Enterprises
Uncomplicate your next tax season and how you handle 1099 workers throughout the year with trustworthy software. Small enterprises invest in 1099 software for a number of reasons. Some of the advantages of tax prep software are:
Greater Efficiency – Save time by not needing to enter the same information more than once. Look for a 1099 program with features like a Common Payee File that lets you select a payee across payers or 1099 forms. Search for a Browse command tool as well and enter the business’s data through a spreadsheet format. Make sure any software allows its users to automatically calculate selected fields.
Geo-Location Support – The best 1099 software for small enterprises supports its users in multiple regions. Consider where your business operates currently and take into account any possible future locations. Make sure that your software is scalable and offers the necessary state and federal tax tables.
Always consider the realities of tax software before you purchase a program. Some unavoidable disadvantages are that software may:
Lack Customization – Find the best software that works for your business’s needs. Remember that what works for another business may be too much or too little for you. Customizable 1099 programs should allow users to add features as they need them rather than paying for tons of unnecessary bells and whistles.
Overlook Mistakes – Even the most comprehensive 1099 software for small enterprises can miss your business’s mistakes. Use software with an awareness of its limitations. Human error is unavoidable on certain levels. Reduce the risk of bigger and more costly errors with software.
Is 1099 Tax Prep Software the Only Solution?
The short answer is, no. Many small businesses or enterprises have other methods for handling their 1099 forms and reports. Some of the most common ways are:
The Pen-and-Paper Method – Some businesses still rely on pen, paper, and a calculator to do their taxes and fill out forms. Look for an affordable software solution that does not compromise the accuracy of your reporting. The Internal Revenue Service requires most businesses to send forms via an electronic method. A full accounting suite of tools like AMS’ 1099 software for small enterprises catches many errors while letting users submit their forms with a few simple clicks.
Certified Public Accountants – Paying a CPA to manage your 1099 work may be cost-efficient for some businesses but not all of them. Look at what the company can save with 1099 software instead of outsourcing the work to an individual or firm. Speak to a vendor and weigh the choice thoroughly before you make a final decision.
Get Started with AMS Software
Download our free 1099-etc Demo software today and see how users can customize their AMS experience. The six optional add-on modules to our base W2/1099 program are: AMS Payroll, E-File, Forms Filer Plus, Software Generated Forms, 1042-S Filer, and an Affordable Care Act Filer. Eliminate needing special ink and buying countless amounts of forms when you purchase our full accounting suite of tools. Enter your business’s data onto entry screens that resemble a real 1099 tax form.
Save time with 1099 software for small enterprises that has comprehensive data importing and exporting capabilities. AMS software is compatible with different sources. Import from sources such as Excel, form print files, and ordinary text files. Our software additionally supports users across all 50 states, plus the District of Columbia and Puerto Rico. Verify an employee’s Social Security Number with the Social Security Administration. Create an SSN verification file within the software. Utilize the Table Report feature and generate hash totals of SSNs and TINs when you need to check the accuracy of your data entries.