Finding appropriate payroll software for both large companies or small businesses can save time and money. Businesses of all sizes benefit from investing in payroll tools that meet a company’s specific needs. Your payroll duties can range from paying employees to completing and submitting government forms to filing tax forms for recordkeeping. As your company grows, you will find that your payroll responsibilities also expand.
If you work with independent contractors and employees, it is prudent to find a payroll tool that satisfies all your company’s needs. Advanced Micro Solutions offers clear, affordable payroll solutions. Whether you need help staying on top of filing or need payroll software for large companies that generate forms, a comprehensive software tool can help you avoid mistakes.
Most Common Payroll Errors
Large companies and small businesses can make payroll mistakes related to their sizes. However, businesses can also make standard mistakes.
- Missing Payment Deadlines – Mark your calendar for all your payroll deadlines. The IRS can issue penalties or interest charges if you make late deposits.
- Misclassifying Workers or Employees – Large and small businesses have hired a greater number of independent contractors in the last two years. Your company must properly classify every worker. Classifying workers lets you accurately report their payroll information during tax season.
- Poor Record Keeping – Using payroll software for large companies can help you avoid making errors. Mismatching your workers’ names with the wrong Social Security numbers is common. A program like AMS Payroll will let you create an SSN Verification file, which will help organize sensitive data.
- Forgetting to Send Forms – You must send a 1099-NEC Form to any independent contractors that you paid $600 or more in the past year. Some companies forget to send out the forms. The IRS will likely issue fines for missing forms.
- Failing To Back Up Files – Make sure that your company has a plan if your computer system stops working. Keeping a manual backup and getting payroll products with a restore option can help you avoid headaches. Advanced Micro Solutions includes a built-in Backup and Restore feature that can save your work to ensure nothing is lost in the case of an accident.
Preventing Mistakes with AMS Payroll
Using AMS payroll software for large companies or small businesses can help to speed up your workday. You can transfer your “Live” or After-the-Fact payroll data to state or federal quarterly unemployment forms. You can also transfer your year-end W-2 and 1099 forms to our W-2/1099 Forms Filer. Our accounting and payroll software supports over 30 different check types.
Other reliable program features include showing multiple state and federal tax liabilities. You can view the liabilities any time through the View command. Exporting data to a Tab‑Delimited Text File or QuickBooks General Journal will also allow you to keep consistent records. If you want to do a test-run, you can explore the 1099-etc demo program. Determine which of our six modules you might want to add onto our base W-2/1099 Forms Filer. If you have any questions, get in touch by calling our customer support team at (405) 340-0697.