Invest in payroll software for massage therapy practices to take care of the moving parts of your business. Many massage therapy practices hire people who do not all fall under the same worker classification. Look for software that enables you to enter payroll and non-employee compensation and certain other 1099 information during the entire year. Create a motivated environment when you ensure accurate payroll for each worker. Whether you still run payroll by hand or make too many mistakes with your current software, introduce software that will protect your business’s finances and reputation.
Advanced Micro Solutions Payroll Software is one of six optional add-on modules to our base W2/1099 Forms Filer program. Add payroll solutions to your software or customize your own full accounting suite of tools.
Steps to Take Before Getting Payroll Software for Massage Therapy Practices
Business owners with experience managing their own books already understand the basics of accounting. It is still worth reviewing some aspects of the business before you add new payroll software into the mix.
Create or review your practice’s budget. Know how much money your practice brings in and the overhead cost of running the business. Establish the budget’s foundation before you get an updated payroll management system. Knowing the scope of your finances will give you a better idea of what you can and cannot afford for your practice.
Update all of your books and the documents. Record as you work to minimize the work later. The best payroll software for massage therapy practices allows you to look at reports whenever you need them. Reviewing all reports will help you to know your business’s financial standing at all times.
Gather all of the practice’s receipts. Avoid throwing away receipts just because you already reported on your expenses. Keep the necessary documentation and store information in your software. You will be able to prove that any purchases were legitimate if the Internal Revenue Service questions your practice’s deductions when you file your taxes.
Review your existing finances. Confirm regularly that your massage therapy practice makes more money than it spends to keep itself in operation. Getting payroll software for massage therapy practices can help you curb spending when you have a slow month. Reviewing your finances and analyzing trends is much easier with payroll reports.
How Can I Simplify Massage Therapy Payroll Management?
There are a few ways that massage therapy practices can streamline payroll responsibilities. Take the following steps with the help of reliable payroll software.
Organize Employee Details – Collect accurate employee data before you begin processing the payroll. Make sure that you have everyone’s employee classification, pay rates, and the relevant tax documents. Accounting and payroll software simplifies generating tax forms and storing W2 and 1099 forms for the allotted period of time.
Automate Payroll Processing – Use payroll software for massage therapy practices so that you can automate your payroll management tasks. Comprehensive payroll software lets users automate wage calculations, tax filing, and oftentimes sets up a direct deposit feature. Reduce the risk of making human errors and wasting your valuable time with an automated approach.
Manage Payroll Taxes – Feeling less overwhelmed while managing taxes is possible. Get a payroll system that makes it easier than ever to navigate income tax withholding and massage therapy unemployment taxes. Some systems like AMS Payroll automatically calculate federal, state, and local payroll taxes.
Stay Compliant – Compliance with labor laws is essential for massage therapy practices. Make sure that your payroll software is able to handle the scale of your minimum wage payments, any overtime payments, and paid time off. Find a system that includes updated state and federal tax tables for all of its users.
Consider AMS Payroll for Your Software
Download our free 1099-etc Demo software today as the first step toward learning the ins and outs of our payroll software for massage therapy practices. AMS Payroll processes “live” or after-the-fact payroll in all 50 states, plus the District of Columbia and Puerto Rico. Set up as many as 40 user-defined fields for your practice’s deductions and additions, such as 401K or health insurance. Users additionally have the ability to implement employee direct deposit or check printing with over 30 different check types.
Our demo will walk you through our five other optional add-on modules to the W2/1099 base system. These modules are Software Generated Forms, E-File, 1042-S Filer, Affordable Care Act Filer, and Forms Filer Plus. We created our software with small businesses or practices in mind. Get the support you need, how you need it without upending your budget or purchasing unnecessary bells and whistles.