Consider the intricacies of tax preparation when you invest in 1099 software for compliance. Staying compliant may seem as simple and straightforward as meeting all of your deadlines. Compliance becomes more complex and potentially more overwhelming as your client roster grows. Even the most skilled accountants make mistakes. Eliminate handling your tax duties manually before you encounter any major problems. Build client trust in your services with automated 1099 software. Ensure that software protects each client’s business and better prevents penalties all year-round.
Advanced Micro Solutions’ base W2/1099 Forms Filer program is a reliable solution whether you have five clients or 50 clients. The system supports W2, W3, and many 1099 forms. Get the customizable solution for an affordable price and help small businesses stay compliant.
Top Accountant Tools in 1099 Software for Compliance
Make sure that you can rely on your 1099 accounting software. Accountants already know that clients rely on them for accuracy and efficiency. Stay ahead and on top of any complications as long as your software possesses the following tools.
Scalable Support – Handle a large volume of 1099 forms with scalable accounting software. Take into consideration how many clients you may service in a few months, or even in the next five to 10 years. Try not to focus solely on your present day needs. Look for software that grows with you while also meeting your firm’s current needs.
Easy Setup and Use – Avoid creating more work when you get 1099 software designed for compliance. The best accounting software does not come with a learning curve. Accountants already have an in-depth knowledge of the federal, state, and local regulations for clients. Do not complicate matters with software that is not intuitive or user-friendly.
Reliable Customer Support – Confirm whether or not your payroll vendor offers its users any online resources. Some vendors provide tutorials and Frequently Asked Questions pages with insight into their program. Ask whether they have 24/7 or ongoing live support if you have any technical difficulties with their system.
Customization – The needs of accountants can change just as much as their clients. Look for a customizable accounting product. Some of the best 1099 software for compliance requirements offers add-on modules. Look into modules that support electronic filing and software generation for a fuller accounting suite of tools.
What are the Best Accountant Bookkeeping Tips?
Accountants understand better than most that there is more to satisfying clients than crunching the numbers. Consider the following best accounting and compliance practices before you bring on more clients or alienate your existing ones.
Create an easy-to-understand recordkeeping system. Record and organize every business transaction for your clients in a way that makes sense for you. Trustworthy software will help to streamline how you predict future opportunities for your clients. Storing invoices and receipts in software will also keep your clients compliant in the event of an audit.
Set reminders for each client’s important deadlines. Use 1099 software for compliance and to help ensure that you do not lose track of your clients’ major deadlines. Avoid any disgruntled clients and major penalties with a comprehensive, automated system. Assign as many tasks to run automatically as possible. Set separate reminders for yourself to avoid feeling unprepared.
Understand each client’s typical business expenses. Speak with your clients about their anticipated business expenses. Certain costs are unpredictable for every business, but take time to identify the trends. Familiarize yourself with ongoing expenses to identify and combat any discrepancies or oversights.
Create regular reports throughout the year. Find the best compliance software and see the types of reports that it offers its users. Use tax and payroll reports to perform any monthly and quarterly check-ups. Evaluate your clients’ numbers so that you can better plan cash flows for the future.
Why Accountants Choose AMS
Get started with our free 1099-etc Demo software today. Download our demo and enter real client data that carries over once you purchase the program. We created 1099 software for compliance with accountants and small businesses in mind. Enter a client’s information onto entry screens that look like the actual IRS tax forms. Enter payer information just once. Print Table and Worksheet Reports, Client Letters, Recipient Lists, and Mailing Labels with W2/1099 software from AMS.
AMS has six optional add-on modules that accountants and small businesses can purchase at any time. The modules are Software Generated Forms, E-File, 1042-S Filer, Forms Filer Plus, AMS Payroll, and an Affordable Care Act Filer.