Finding payroll platforms for small business owners can be a tedious process. Whether you’re new to payroll software or looking to upgrade, small business owners have a lot of information to wade through before making a decision.
This guide will walk you through essential payroll features and why you need a payroll software as a small business. Affordable payroll platforms for small business owners are available – you just need to know where to look.
Important Payroll Platform Features
Payroll software can mean different things with different providers. Some include only a simple tax and wage calculator, while others provide a more comprehensive payment solution. If you’re shopping for your first payroll tool, or if you’re looking to upgrade, here are the features you should seek out:
- Payroll processing for both checks and direct deposit
- Automatic calculations for state, local, and federal payroll taxes
- Flexible payroll that can accommodate both “live” and after-the-fact payroll
- Ability to view updated state and federal tax liabilities
- Filing support for essential federal forms, like the 941, 944, and 940
- State-specific SUI form support
- Personalization options, including user-defined fields for retirement contributions and health benefits
Remember that Advanced Micro Solutions’ payroll module, AMS Payroll, has all of the above features – and more. You don’t need to pay an outrageous price for capable and reliable payroll.
Payroll Platforms for Small Business Owners: Do I Need One?
New and small businesses often question the need for a payroll software. But even if a business employs only a handful of people, a software solution can help. For example: Most businesses opt to pay employees biweekly. This means they must run payroll at least twice per month. Completing manual payroll for a single employee can take a lot of time. Between calculating deductions, wages, and applying any benefits, the process can be tiresome. With more employees comes more effort and time spent. Plus, payroll managers will need to do this two, sometimes three times per month. That can amount to days of time spent on a task that could be automated.
Finding effective payroll platforms for small business owners – even if they employ just a couple of workers – will save significant time and money. Plus, if you opt for a disc-based solution, you’ll avoid the high monthly subscription fees associated with cloud-based payroll providers.
Find an Effective and Affordable Solution with AMS
Advanced Micro Solutions offers a comprehensive accounting option perfect for small businesses. We utilize a modular system. That means users purchase our base platform, the W-2/1099 Forms Filer, then add the modular tools they need. Many users opt for AMS Payroll, our payroll platform. We offer a full suite of accounting tools designed with small business needs in mind.
If you’re not sure whether AMS is the provider for you, we can help you make the decision. We encourage all potential users to try our free demo software. This provides the opportunity to browse the platform and see if it will work with your current processes. Have lingering questions? Give our Sales and Information Team a call at 800-536-1099.