Any industry regardless of its size or its location should invest in W-2 software for businesses as soon as possible. W-2 software can improve a business’s overall efficiency during tax season and throughout the rest of the year. Stay on top of tax filings and organize your paperwork in the event of any surprise or expected audits. Look for W-2 software that provides its users with the best automated features that make sense for your business. It is important not just to get any W-2 program that works for other businesses. Each business has unique needs that may require them to prioritize features that cost more than you need to pay.
Advanced Micro Solutions’ base W-2/1099 Forms Filer program was designed with small and medium-sized businesses in mind. Use the customizable program with any of the six optional add-on modules to input data onto entry screens that look like an actual form.
Which Industries Need W-2 Software for Businesses?
There are different industries that benefit from investing in comprehensive W-2 software tools.
Restaurants
Time and Attendance Tracking – Getting a software system that includes integrated time and attendance features can help you work more efficiently year-round. Monitor the employee work hours better than if you tried to manually oversee them. Calculate any overtime work and make sure that the restaurant is compliant and in adherence with all of the relevant labor laws.
Direct Deposit and Payment Processing – One of the most useful W-2 software features is when you can easily pair it with payroll tools for efficient payment distribution. Trying a demo gives you a chance to see if your prospective W-2 software for businesses works well for the restaurant industry. Confirm beforehand that you will not run into obstacles once it is time to transfer employee wages directly into their bank accounts.
Construction
Certified Payroll – Handling military or government-funded federal projects can already feel stressful for a small business or its team. Get software that simplifies how you file all certified payroll reports for each of your project’s workers. Make sure that you speak early with a W-2 software provider to confirm that their system includes all of the essential reports or add-ons.
Multiple Pay Rates – Consider the different pay rates that you need to pay employees if they are responsible for more than one job in a construction company. W-2 software for businesses in the construction industry helps if you are paying one worker an hourly wage on one site and paying them a separate rate when they work on another job site. Use software to manage any of their overtime and to reduce the risk of inaccurately tracking a worker’s hours.
Farming
Consistent Support – Farmers have a busy schedule and should know that there is onhand support if there is ever a glitch with their tax software. Speak with a potential vendor about if they provide live support, tutorials, and/or a Frequently Asked Questions page for their users. Smooth onboarding and timely accounting resolutions are possible with the right support.
Easy Payer and Employee Setup – W-2 software designed for businesses must show small businesses that they will not spend all of their time trying to figure out a new system. Find software that lets you hit the ground running. Eliminate inputting the same information more than once when it is not necessary.
Non-Profit
View Command Tool – Nonprofit organizations have all sorts of requirements and exemptions that other companies are not subject to when they handle their business’s paperwork. Get W-2 software that allows its users to view different state and federal tax liabilities at any time with a View command tool. The tool will save you time that you can redirect to the core operations.
Easy Importing and Exporting – Working in the nonprofit industry likely means that you are regularly importing and exporting data from different places. Check that the W-2 software that you use is compatible with all of your third-party applications.
Set Up AMS Software Today
There are no guarantees that you will avoid errors when you get W-2 software for businesses. What we can promise you is a comprehensive system that works for businesses across many industries. Our base program supports W-2, W-3, and many 1099 forms. Support as many as 99,999 employees or recipients per payer. Calculate selected fields and “define” your default values, like a State Code or ID, with the Default command tool. Download our free 1099-etc Demo software today and get started.