Pay close attention to the subtle nuances of compensating independent contractors with payroll software for contractor management. Contractor management is a detail-oriented process with a long list of possible human errors to make along the way. Small businesses in particular need a payroll program that efficiently and accurately manages their employees and contractors. Do not make the potentially compelling decision to invest in free payroll software. Free software usually has greater limitations than advantages. Look for an affordable program that gives its users the access that they need to features without tiers or hidden costs.
Advanced Micro Solutions Payroll Software operates as an add-on module to a base W-2/1099 Forms Filer program. Enter payroll and non-employee compensation or other 1099 information by check throughout the year. AMS Payroll works in all 50 states, plus the District of Columbia and Puerto Rico.
Important Features in Payroll Software for Contractor Management
Search for the best contractor payroll software with the following features in mind:
Tax Compliance – Calculate and deduct your business’s payroll taxes with accuracy. Use payroll software to ensure compliance for federal, state, and local taxes. Avoid incurring a penalty or any fines from the Internal Revenue Service when you stay fully up-to-date and compliant with any tax changes.
Payment Flexibility – See what a prospective payroll vendor offers with its software for when it is time to pay your contractors. Make sure that any contractor software gives you the amount of options that you need. Confirm whether you can pay contractors through methods like check or direct deposit or both.
Contractor Management – Manage contractor information with payroll software for contractor management. Use your next software to organize each of your contractors’ contact details, tax information, and any payment history. Speak with a payroll vendor about their system’s capacity and whether their program is scalable with your business.
Customer Support – Do not settle for less or the bare minimum with your contractor payroll software. Look for a program with a proven track record of providing customer support. Do your own research and determine whether a service has live support or extensive online help resources. Read reviews and ask a representative how quickly they address any technological issues.
What are the Benefits of Contractor Payroll Software?
Managing your small business’s payroll in a hands-on manner does not mean running manual payroll. The best payroll software for contractor management will:
Automate Repetitive Processes – Minimize the tedious and error-prone process of data entry, onboarding, and paperwork collecting with payroll software. Find ways to make the payroll steps less overwhelming when you do not need to enter the same information more than once. Get a payroll program with easy payer and employee setup like AMS offers its users.
Reduce Errors – Transfer your contractors’ hours and any other relevant information with ease and improved accuracy. Discard old manual payroll spreadsheets. Find a payroll system that is compatible with third party applications such as QuickBooks, PeachTree, Excel, or even Tab Delimited Text files. Import and export data with fewer mistakes.
Improve Document Organization – Access necessary forms with a comprehensive payroll software for contractor management. Store 1099 documents for as long as the IRS requires your business to do so with trusted software. Make tax season and any unexpected audits a less painful process when you know exactly where to find specific documentation.
Provide Relevant Tax Liabilities – Spend less of your or your team’s time looking for the latest tax liabilities online. Invest in payroll software that includes up-to-date tax tables for the personal review of its users. Guarantee beforehand that a software supports your specific state or region.
Get Started with AMS Payroll
Explore the many features that AMS Payroll provides with our free 1099-etc Demo software. The demo is almost fully functional. Enter your business’s actual data and see how the six optional add-on modules interact with each other and the core product. Our other modules accompanying AMS Payroll include: Software Generated Forms, Forms Filer Plus, E-File, 1042-S Filer, and an Affordable Care Act Filer. Export business payroll data with a few simple clicks to the W-2/1099 Forms Filer. Produce year-end W-2 and 1099 forms with greater ease.
Our payroll software for contractor management shows different state and federal tax liabilities at any time. Access the liabilities through the View command feature. Create a Social Security Number verification file for expediency and greater accuracy. AMS Payroll additionally offers a wide variety of payroll reports. Create Payer/Tax Summary, Employee Detail, and Worker’s Compensation reports as you need them.