Best Practices for Investing in Payroll for Retail Small Businesses for 2023

Payroll for retail small businesses for 2023 taxes must be adaptable. The retail industry always changes and that means your business needs to keep up with any of the regulatory and legal updates. Whether you have a traditional brick-and-mortar business or have made the transition to e-commerce, find payroll software that is dynamic. Invest in a program that meets your small retail business’s unique needs and keeps you and your team efficient. An affordable program is the key to managing your payroll and non-employee compensation throughout the entire year and during tax year 2023.

Advanced Micro Solutions Payroll Software is an efficient and affordable add-on module to our database system. Pair our W-2/1099 Forms Filer base program with any of our six optional add-on modules. AMS Payroll is scalable and offers useful features for many types of retail business owners.


What are the Best Features in Payroll for Retail Small Businesses?

Vendors do not create identical software and businesses do not have identical software needs. Look for software tools that will help you keep your small retail business payroll accurate and compliant. These features can include:

The ability to manage multiple classifications of workers. Consider the workers that you already hired and the ones that you plan to hire in the future. Look for software that lets you manage anything from full-time employees and part-time employees to seasonal staff and independent contractors. The ideal payroll software processes tax and wage information for both W-2 and 1099 workers.

A far-reaching range of geo-location support. E-commerce retail businesses may employ workers who live and/or work in multiple states. Use a software program that enables you to manage multi-state payroll for retail small businesses for 2023 wages. Some payroll software comes equipped with federal and state tax tables for your additional reference.

No hidden fees or extra costs. Non-transparent payroll subscription fees or extra costs for a specific feature can drain a small retail company’s resources. Look for a program that lets you customize the features that you want when you need them. Do not feel pressure to purchase any program that comes with too many bells and whistles.

More than one method of payment distribution. Small retail businesses hire many types of workers. You may want to pay them in multiple ways. Consider looking for your first or a new payroll program that is flexible. Payroll for retail small businesses software should let you print your checks and/or process your employees’ direct deposit information.


Tips for Managing Retail Small Business Payroll

Managing your small retail business’s books by hand should be a thing of the past. Make your day-to-day completion of tasks more efficient by navigating company payroll in a few ways.

Establish Your Payment Schedule – Weigh your business and employees’ needs when you determine a pay period. Try not to base your selection of once per month, semi-monthly, or weekly pay periods on payroll processing costs. Affordable software can save your business money and help retain employees who feel more comfortable with weekly or bimonthly pay.

Keep Frequent and Thorough Documentation – Save all of your tax year 2023 records using payroll for retail small businesses software. You already keep tax documents for several years when you file quarterly taxes. Maintain that practice for pre-hiring records or withholding forms. An encrypted payroll program is a secure location for any sensitive data.

Stay Aware of New Laws – Use payroll technology to familiarize yourself with the factors that may influence an employee’s tax status. Simplify how much information you need to know by finding a trustworthy program with regularly updated tax tables.

Increase Payroll Automation – Entering the same payroll information more than once puts you at a greater risk for making mistakes. Look for software with a Common Payee File. The tool allows users to select a payee across payers or 1099 forms without inputting their information multiple times.


Why Small Retail Businesses Choose AMS

Select a payroll for retail small businesses program with customizable tools and multiple add-on features. Along with AMS Payroll, our five other optional add-on modules are: Forms Filer Plus, E-File, Software Generated Forms, 1042-S Filer, and the Affordable Care Act Filer. AMS Payroll supports all 50 states, plus the District of Columbia and Puerto Rico. Automatically calculate the business’s federal, state, and local payroll taxes while referencing the applicable tax tables. We designed our software with small businesses in mind. Our program supports direct deposits and over 30 different check types. Download our free 1099-etc Demo software today to get started.

Software Solutions from AMS

Our W-2 and 1099 Forms Filer is our only required platform. From there, users pick the services they need. Choose from the tools below to build out your customized accounting software.