Form 943-A is a straightforward form, but needing to fill it out often points to a larger need. Also known as the Agricultural Employer’s Record of Federal Tax Liability, form 943-A is a required form for all agricultural employers who are semiweekly depositors or who became one because of an accumulated tax liability of at least $100,000 in a single month. In most cases, this means larger farms. Form 943-A allows these employers to report their tax liability to the IRS.
Filling out Form 943-A means you probably have a robust agricultural operation. You’re likely familiar with the difficulties associated with agricultural accounting and payroll. Advanced Micro Solutions has a suite of software tools to support nearly every agricultural endeavor. We understand the specific requirements of farmers’ accounting processes, and we are ready to support your agricultural business in whatever way we can.
Changes to Form 943-A
Starting in 2017, people filling out this form must account for any qualified small business payroll tax credits for increasing research activities that have been reported on Form 943 (line 12). Thus, the total liability for the year must equal that report in line 13 on Form 943. If you do not accurately account for the amount reported on Form 943 line 12, you may accidentally over-report after adjustments and credits.
Finding the Software Support You Need
To accurately and efficiently complete Form 943-A, employers must understand their tax liability by month. The total liability for the year must equal the total taxes after adjustments and credits on Form 943. Put simply, to complete Form 943-A, employers will need to complete Form 943, which means they’ll need to spend some time with their payroll data for the calendar year. This can be exceedingly difficult without a robust payroll system and database. General instructions for Form 943-A can be found on the third page of the document.
Federal forms are easier with an intuitive, semi-automated payroll solution. This is exactly what AMS Payroll can provide. Our software can automatically calculate withholding tax, then save this information for later use. When it comes time to fill out Form 943, and Form 943-A, all you need to do is return to your payroll records from the year, locate the necessary data, and enter it onto the form. Maneuvering around your payroll information should be easy, and AMS makes that possible.
Additional Support from AMS
If you’re not sure if Advanced Micro Solutions has the tools you need, we encourage you to download our free demo software. We know that changing accounting processes is difficult, especially for industries as complex as agriculture. However, we are confident that our tools can stand up to the intricacies of farm accounting, and we think that can make your life easier. If you have any questions about our software, call our Sales and Information team at 800-536-1099.
In addition to our payroll software, we have several other accounting forms that can assist with your agricultural operations.
- W-2/1099 Forms Filer
- Payroll Software
- Software-Generated Forms
- Forms Filer Plus
- E-File Direct
- Affordable Care Act Filer
- 1042-S Filer
Whether you need help understanding your federal tax liability on Form 943-A or need a more efficient filing solution, Advanced Micro Solutions has the answer.