It is beneficial for small businesses in any industry to utilize employee payroll software. Payday is the day that everyone looks forward to, whether you are an employer or an employee. Small businesses and startups often need extra support as they navigate their payroll tasks for the first time. Spend less time figuring out how to calculate payroll taxes and the forms that you need to complete when you get a trustworthy payroll system. Automating the process makes everyone’s lives easier and will help you focus on other important areas as you establish your business.
Advanced Micro Solutions Payroll Software is a customizable and affordable solution for small business owners who are just getting started. AMS Payroll operates as an add-on to our base W-2/1099 Forms Filer program. Process “live” or after-the-fact payroll in all 50 states, plus the District of Columbia and Puerto Rico.
Why is Employee Payroll Software Worth It?
Delaying or putting off getting the right software can lead to avoidable issues. It is time to settle on getting your first payroll software in order to:
Accurately calculate your pay. Whether you take home a salary or an owner’s draw, it is a lot more complex than writing a check or direct-depositing money into an account. Make sure that your payroll software can deliver your compensation appropriately and handle all of the unique factors like your entity type and business plan.
Avoid calculating and paying payroll taxes on your own. Figuring out all of your business’s responsibilities is often stressful for new business owners. Get employee payroll software that reduces any confusion about the financial aspect of payroll management. Payroll services can simplify how you pay and report on your employees with automated tools.
Stay compliant as you onboard contractors and/or employees. Hiring workers as you open a business can make your life easier but also more complicated. They will help take work off of your hands, but there are many rules and regulations based on your state and region. A payroll program can help you send new hire reports and collect new hire paperwork that the state and federal governments require.
Reduce the risk of making major mistakes. Spend fewer hours poring over forms and data when you invest in comprehensive employee payroll software. Some of your payroll mistakes may be easily fixed. It is still important to consider the associated penalties and fees from the Internal Revenue Service and how those fines can affect a new business’s longevity.
Best Payroll Features for Small Businesses
Different payroll vendors offer different features and services with their payroll software. Think about the specific features that you will need for your business, but also make sure to get the core tools that every business needs.
Scalability – Look for software that can grow with your business in the long term. Consider where you hope to find your business in five or 10 years. Getting the right employee payroll software will make it so that you do not outgrow it too fast and need to spend more money.
Strong Security – Security is essential across all industries. Employees want to know that their employers are mindful and vigilant about their personal information. Payroll software with strong security can reduce the turnover rate of employees as opposed to ones that are worried about a data leak.
Easy End-of-Year Filing – Payroll software with modular capabilities makes it easy to file your business’s essential end-of-the-year forms. Look for software that enables you to export payroll data to a W-2/1099 system. An E-Filer can also help you electronically file your year-end W-2 and 1099 forms directly to the Internal Revenue Service or the Social Security Administration.
Automation – Automating as many payroll tasks as possible is one of the best ways to avoid costly errors. It is also an effective method for saving money on resources by not needing to issue corrected forms.
Get Started with AMS Payroll
We designed our employee payroll software with small businesses in mind. It offers easy payer and employee set up. AMS Payroll supports up to 1,999 payers and up to 9,999 employees per payer. Download our free 1099-etc Demo software today and see how it interacts with the base program and our five other optional add-on modules. The modules are: E-File, Forms FIler Plus, Affordable Care Act Filer, 1042-S Filer, and Software Generated Forms. AMS Payroll includes a certified payroll report. Record state and federal tax deposit information, plus disbursements.