Running payroll for construction workers for 2023 is easier for some businesses than others. A small business may encounter minimal or no obstacles when doing payroll management tasks by hand. Small construction businesses can further streamline their daily, monthly, and annual payroll processing duties with affordable software. Whether you need to process your “live” or after-the-fact payroll for contractors, stay within the company’s budget for the 2023 tax year.
We designed Advanced Micro Solutions Payroll Software with small businesses in mind. Customize your full accounting suite of tools with our base W-2/1099 Forms Filer program and include any of our six optional add-on modules. Our AMS Payroll module has easy payer and employee setup for construction companies in all 50 states, plus the District of Columbia and Puerto Rico.
What are the Benefits of Payroll for Construction Workers for 2023?
Construction companies of any size should invest in payroll software for multiple reasons. Some of the major benefits include:
Fewer Mistakes – Payroll software cannot eliminate human error when you input your company’s data. Reduce the risk of error with the right program that makes your tasks easier in other ways. Certain payroll programs automatically calculate your federal, state, and local payroll taxes. You can also invest in a program with regularly updated state and federal tax tables. The automated tools help prevent larger mistakes that may have larger consequences in the future.
Saves Time – Use payroll tools to efficiently complete and submit each of your forms. Some of the payroll tools for construction workers allow businesses to send forms directly to the Internal Revenue Service or Social Security Administration. Look for tools like a common Payee File to select a payee across payers/1099 forms without entering the same information multiple times.
Tax and Payroll Compliance – Payroll managers who are already familiar with tax laws know that they change on a regular basis. Minimize the likelihood of incurring fines or penalties from the Internal Revenue Service with construction payroll services for the 2023 tax year. Services often monitor the latest tax law updates. Focus your energy on your other daily tasks.
Security – Keep your company and contractors’ data safe with more than a filing cabinet and key. Protect personal information with an encrypted payroll for construction workers program. Disc-based programs offer an added layer of protection against iCloud and online hackers.
Less of a Learning Curve – Do not become complacent when you run your payroll by hand. Trustworthy payroll software does not add more work for you or an in-house accountant. Do some research to see which programs offer Frequently Asked Questions pages and a strong customer support arm.
What to Look for in Construction Payroll Software
Certain software features work better for some companies than for others. Create a list of criteria to prioritize the programs that offer the software tools best suited for your company. Consider what the following elements offer all companies and how they can meet your own company’s needs.
Usability – Payroll for construction workers software should work for your company and not against it. Look for a user-friendly interface with a menu-driven format in your 2023 payroll program. Maximize your efficiency with simple and reliable tools.
Cost – Free payroll software may seem compelling, but it has its limitations. Consider software that offers customized features. The budget-friendly alternative allows construction companies to save money by choosing only the tools that they need the most.
Reporting Capabilities – Creating payroll reports is straightforward and efficient with payroll software. Avoid parsing through your company’s data by hand whenever you need to create a new Worker’s Compensation or Employee Detail report.
Geo-Location – Consider whether your construction company operates in more than one state or region. You may send workers to other states or hire workers who live in other states. Put your company’s money into payroll software that is scalable. Look for a program that services each of the locations that you conduct your business.
Should Construction Companies Invest in AMS?
Your first program to manage payroll for construction workers should ease any strain that payroll usually causes your construction company. Use AMS Payroll to import your workers’ data from QuickBooks, PeachTree, Excel, and Tab Delimited Text files. We designed our software with every step of the payroll management process in mind. Pair our payroll module with any other add-on program, such as our E-File module. Electronically file your year-end W-2 and 1099 forms to the Internal Revenue Service or Social Security Administration. Download our free 1099-etc Demo software today to get started.