Figuring out which payroll system software is right for your small business may feel like a hard and time-consuming task. Self-employed small business owners benefit from finding the most trustworthy and comprehensive payroll program for a business of their size and industry. Think about what you would like to streamline with any payroll tasks. Whether you made mistakes in the past or want to avoid making big ones in the future, payroll software is a worthwhile solution that can be highly affordable for small businesses on a modest budget.
Advanced Micro Solutions Payroll Software supports either “live” or after-the-fact payroll in all 50 states, plus the District of Columbia and Puerto Rico. AMS Payroll is one of six optional add-on modules to our base W2/1099 Forms Filer program. The payroll software has easy payer and employee setup.
Do Self-Employed Business Owners Need Payroll System Software?
Investing in extra support as a self-employed business owner is often a calculated decision that benefits you and anyone that you may hire in the future. Getting payroll software as you begin a small business venture will help you to:
Accurately calculate your own compensation. Small, self-employed business owners learn quickly that paying yourself is never as simple as writing a check and depositing it. Even if you are less compelled to set up direct-deposit features for your business, you will still need payroll software. The best software will help you to appropriately compensate yourself with an owner’s draw or in the form of a salary. Look for payroll system software that aligns with the business’s entity type and anticipated pay frequency.
Utilize extra support when it comes to paying payroll taxes. Figuring out all of your small business’s tax responsibilities and liabilities can quickly become a headache without efficient payroll software. File all employment taxes correctly the first time when you get software that can catch oversights before you submit anything. Certain software like AMS Payroll even has regularly updated state and federal tax tables. Eliminate the extra time spent on researching relevant payroll tax information.
Stay compliant when you onboard employees and/or contractors. Simplify your experience whenever you onboard new workers. Using a program can help you send new hire reports. The best payroll system software can also assist you in collecting new hire paperwork, such as I9s, W4s, W2s, and 1099s.
Avoid making major payroll mistakes. Letting errors slip through in your payroll management can be more than just a little embarrassing. There can be real-life complications and even some consequences for employers and employees if any forms are inaccurate. Payroll software is not an eraser for all mistakes, but it does identify mistakes quicker than manual reporting.
What to Look for in Reliable Payroll Software
Payroll software offers different users different benefits, but there are core tools that can benefit everyone. Whether you need help calculating and filing payroll taxes or determining your payroll deductions, make sure that you do not shortchange yourself or overlook:
Automation – Comprehensive payroll system software will eliminate work for you rather than create it. Automatically calculate a business’s federal, state, and local payroll taxes with a few simple clicks. Look for a system that processes all employee direct deposit payroll information.
Scalability – Small businesses consistently find new and different ways to expand. Think about how you want your business to grow over the next five to 10 years. Consider if the software you may currently have or want will need to be replaced. Software that can grow with your business is generally more cost-effective and practical.
Broad Geo-Location Support – Some businesses operate in different states or they may plan to do so in the future. Find payroll software with SUI forms for all 50 states, plus the District of Columbia and Puerto Rico. Software that shows different state and federal tax liabilities at any time through a View command feature can also save your business time.
Why Do Small Businesses Choose AMS Payroll?
Our payroll system software is preferred by small businesses and accountants because of its modular capabilities. Software users can either purchase our base program or get a complete database system. Our six optional add-on modules, including AMS Payroll, can integrate with each other or operate independently with the core product. The other five modules are: E-File, Software Generated Forms, Forms Filer Plus, Affordable Care Act Filer, or a 1042-S Filer. Our payroll program supports up to 1,999 payers and 9,999 employees per payer. Download our free 1099-etc Demo software today and get started.