Payroll software with automatic tax updates may not seem necessary or essential, but try to keep an open mind. Make your life easier with a program that reduces your overall workload. Avoid the frustration of needing to do the same work over again when payroll software is out-of-date and reflects the wrong information. Whether your business is large or small, automate every aspect of the payroll process that you can. Automatic updates are not exclusively a worthwhile tool during tax season. Streamline how you manage payroll for different cycles throughout the year.
Advanced Micro Solutions Payroll Software is great at automation and provides many smaller businesses that are on a budget with an affordable solution. AMS Payroll is one of six optional add-on modules to the core W-2/1099 Forms Filer product. Process a business’s “live” or after-the-fact payroll with intuitive software tools.
Is Payroll Software with Automatic Tax Updates Necessary?
Whether you consider automatic updates as necessary or essential, consider streamlining how you manage payroll every step of the way. Some payroll and W-2 softwares offer many kinds of automation features beyond tax updates. The best software automation tools include:
Payroll Tax Automation – Speed up how you calculate your different payroll taxes with certain payroll software. Automatically calculate federal, state, and local payroll taxes within the system. Improve your data accuracy and spend less time reviewing data figures when you eliminate any manual calculations.
A Common Payee File – Consider getting a full accounting suite of tools when you look for new payroll software. Pair W-2 software and payroll software with automatic tax updates so that you can potentially access a Common Payee File. Select a payee across payers or 1099 forms with a Common Payee File. Eliminate needing to type in the same information more than once.
Automatic Data Saving – Never worry about whether or not your system saves your important information and data. Look for a program that saves edited data automatically once you access a new form or report. Keep in mind that it is still worthwhile to save information in more than one location for thorough record-keeping.
Tax Tables – Reduce the amount of time that you spend researching tax laws, liabilities, and the constantly changing regulations. Get payroll software with automatic tax updates that also incorporates regularly-updated state and federal tax tables for its users.
In-House Payroll vs. Outsourced Accounting
There are any number of pros and cons to purchasing in-house payroll software versus getting outsourced accounting support. Make a decision based on what is best for your business. The ideal method for another business of your size and industry may be completely different. Some advantages of in-house payroll are:
Accessibility – Decide how and when your business meets its deadlines when you manage payroll in-house. Supervising an accountant or third-party provider who is in another location does not necessarily translate well to your daily tasks. Keep all information within your office space. Ask payroll questions as soon as you have them when you instruct an employee to double as your bookkeeper.
Affordability – Payroll software with automatic tax updates can be a more affordable option than outsourcing. Exercise caution still whenever you see vendors promoting free software. These programs often have tiers or limitations. There are inexpensive programs that offer a comprehensive system and are more cost-effective than hiring an accountant’s services.
Outsourcing accounting support may be the best choice if a business is looking for:
Quality Control – An accountant or agency’s only responsibility is ensuring that the math adds up for your business. Some small businesses may give an existing employee the responsibility of managing the books. Take into account the learning curve with some payroll software and whether training your worker to bring them up to speed is actually practical.
Productivity – Consider how much work an employee already has and if more work will split their focus too much. Outsourcing bookkeeping and accounting responsibilities can potentially free up their hands to do all sorts of other tasks for your business.
Why AMS Payroll is a Cut Above
Our payroll software with automatic tax updates does not take a one-size-fits-all approach. We designed our software programs with unique small businesses needs in mind. Download our free 1099-etc Demo software today and see how AMS Payroll interacts with the base program. Use the payroll module to export any data to the W-2/1099 Forms Filer. Produce year-end forms in just a few easy clicks. AMS software is user-friendly and intuitive for small businesses without much or any software experience. Enter your real data into our demo to see how our program operates. Get ahead on improving your productivity before you purchase the system.