Form 943-X is an extremely helpful form for those who need it. If you’ve ever made an accounting or calculation error on your 943, you’ve encountered this form. 943-X has a simple use: to correct errors previously filed with Form 943. Also known as the Adjusted Employer’s Annual Federal Tax Return for Agricultural Employees or Claim for Refund, this form allows agricultural employers to fix an overreporting error or claim a refund or abatement of overreported employment taxes.
Ideally, however, you wouldn’t need to complete Form 943-X. Accounting mistakes happen, but they can also be prevented. The easiest way to do this is to combine payroll data and tax and wage filing into a single system. When payroll processes are semi-automated and easily transferable, filing becomes a lot easier. This is possible with AMS.
How Payroll Software Can Support Form 943-X
To complete Form 943-X, as with other iterations of the 943 form, you’ll need access to a well-organized payroll dataset. You’ll need to include data for the total wages subject to Social Security and Medicare tax, the total federal income tax withheld, any qualified small business payroll tax credits you may have, and other additions. This information is required for every type of tax return, but it is especially important for agricultural employers. Farms may have trouble keeping track of their work staff. Most will have a combination of temporary and long-term workers, W-2 employees, and 1099 independent contractors. Putting all this information in a single place can be difficult, which means some data points may be left out when it comes to file annual tax returns and reports.
With a comprehensive payroll software, however, farmers can keep all their employee, wage, and payroll tax information in a single place. This allows for easier data access and application, resulting in a faster, more accurate and efficient 943 process. If this sounds like a service you need, consider investing in AMS Payroll , our comprehensive and semi-automated payroll software. In addition to accounting for the farm-specific hurdles above, this software comes equipped to make most accounting processes easier.
Additional Support from AMS
With AMS tools, you may not even have to file 943-X; you’ll likely get the calculations right the first time. However, even if you do make a mistake, rest assured that you can file 943-X through another of our popular tools. Our Forms Filer Plus is a simple but powerful filing software. Users can prepare additional payroll related forms on a screen facsimile, allowing them to use data from other software tools and print directly from the program.
That said, Advanced Micro Solutions is not just a payroll supporting software suite. We have a range of tools designed to alleviate accounting-related trouble.
- W-2/1099 Forms Filer
- Payroll Software
- Software-Generated Forms
- Forms Filer Plus
- E-File Direct
- Affordable Care Act Filer
- 1042-S Filer
With us, you may not have to worry about Form 943-X, but even if you do, we can help. If you have questions about our tools, call our Sales and Information Team at 800-536-1099.