Getting 941 e-file software is worth it for small businesses that are striving to improve the speed, accuracy, and security of how they file each of their forms during tax season and throughout the year. Choosing to e-file with 941 software can be accessible for beginners through intuitive and easy-to-use software. Some of the reasons why small businesses might choose to e-file without hiring a tax professional are:
- They have straightforward taxes
- They want more control of how and when they meet deadlines
- It is more affordable
Advanced Micro Solutions’ 1099-etc E-Filer software is the most affordable solution on the market and is highly customizable.
Users can select our E-File Direct add-on module or our E-File Services option with third-party support. The add-on module is an extension of our base W-2/1099 Forms Filer program. Take some time and weigh your options before making a final decision.
Is 941 E-File Software Necessary?
Special software is not strictly necessary when filing IRS Form 941, but your business will need a reliable and comprehensive system if you choose to electronically file forms rather than hiring a tax preparer. Even if you choose to print and mail returns, purchasing IRS-approved software for electronic filing has numerous benefits.
- Faster refunds
- Greater accuracy
- Convenience
- Ease of use
- Security and organization
Faster Refunds – Filing your business’s forms electronically will provide quicker processing by the Internal Revenue Service.
The IRS issues most refunds within 21 days for taxpayers who file electronically and select the direct deposit option.
Greater Accuracy – Opting to e-file with 941 software will give you a system that automatically performs calculations. Using 941 e-file software can help users to:
- Significantly reduce errors common with paper returns
- Flag missing information
- Make users aware of data inconsistencies
Convenience – Filing your business’s taxes on your own timetable makes meeting deadlines more stress-free and customizable. Even if you only file from one location with desktop-based software, there is less waiting around for a tax professional to complete your requirements.
Ease of Use – Getting intuitive software should take you step-by-step through the processes of reporting and filing any of the essential forms. These types of menu-driven programs make it far easier for users with limited tax knowledge to ensure total accuracy.
Security and Organization – Comprehensive 941 e-file software should guarantee the secure transmission of your sensitive data and information. The big benefits of e-filing software is your program can protect data from being:
- Lost
- Stolen and/or leaked
- Handled by multiple people
Paper returns also require more waiting versus how the IRS will send a confirmation of receipt once your returns are accepted. When you decide whether you want to e-file with 941 software, make sure to also consider the best recordkeeping program for your tax forms. It is crucial for a business to be able to access its previous years’ tax information.
Are There Drawbacks to Using E-File Software?
It is important to stay realistic when it comes to investing in 941 e-file software. E-filing software may help you meet your deadlines, but any accounting and payroll software can miss mistakes on occasion. Other drawbacks may include:
- Limited support
- Upselling
- Reliance on self-reporting
- Cost for complex returns
Limited Support – Expert tax advice might support certain users in a way that technological customer service and online Frequently Asked Questions cannot satisfy. It is important to be realistic about your needs and do some research before purchasing your program.
Upselling – Avoiding the “free” software solutions is typically for the best. Getting affordable software like our 1099-etc E-Filer helps users avoid limitations for how many forms they can submit before needing to upgrade to a paid version.
Reliance on Self-Reporting – Missing a deduction or misreporting income will not be flagged by software. A system is only as effective as the information that you or your team input into it. Using in-house software rather than hiring an accountant might require you to:
- Set data entry reminders
- Conduct research to identify your eligibility for certain deductions
Is AMS E-File the Right Choice?
Getting started with our 941 e-file software is straightforward for any of your business’s federal and state payroll form needs. Our system can help users reduce the likelihood of making costly errors when they file their forms with the appropriate agencies.
There is a less than 1% error rate for e-filed returns compared to 21% for paper returns.
Which means getting e-filing software sooner rather than later is in every user’s best interest. As you choose between our two distinct options, consider what your business needs and what specifically you want while e-filing.
E-File Direct
- Flat fee
- Unlimited number of form filings
- Users can verify, view, and print files
E-File Services
- Volume pricing (fee per form)
- Forms are e-filed through a third-party vendor
- Different service levels available
Download our free 1099-etc Demo software today and see which option is best for you.