Each year, Wisconsin employers and business owners must file Form WT-7—the state’s income tax withholding form. For those who have the time and organizational prowess to keep well-maintained records and employee data, Form WT-7 is fairly simple; employers need only enter the number of employee W-2s and 1099s, the amount of tax withheld per quarter, and the total withholding reported. With a few lines of data and a couple of calculations, Form WT-7 is easily completed in just a few minutes.
Unfortunately, most Wisconsin small business owners don’t have the resources necessary to quickly file the state’s income tax withholding form. Many employers are stretched thin, manually handling payroll or neglecting to keep records entirely. If your data is unorganized, quarterly and annual filing will take hours—even days—to complete. To speed up your Form WT-7 filing, you need a comprehensive accounting and payroll overhaul. This is exactly what AMS can do.
Advanced Micro Solutions creates accounting tools for small businesses. If you’re struggling to report withholding, a software tool can be the perfect solution. To that end, the state guarantees three Form WT-7 filing options, giving employers several convenient possibilities. Finding a software to fit your chosen filing method, facilitate data generation, and streamline filing/processing is easy with AMS.
Calculating Income Tax Withholding with AMS Payroll
The data required on Form WT-7 is, in essence, basic payroll information. To more easily fill out this form, you need a better software—a software like AMS Payroll . This tool allows users to automatically calculate local, state, and federal taxes to ensure accurate withholding regardless of location. Additionally, this software allows users to electronically file several forms, import data from a variety of sources, and define up to 40 fields for customized deductions and additions. When you’re ready to file, you’ll already have the information you need.
Additionally, Wisconsin provides employers with three filing options; you may file through your My Tax Account, through Telefile, or eFile Transmission. AMS Payroll allows users to export data to a variety of sources, including any tab-delimited text file. eFile Transmission is the easiest option for AMS users, but you may also transfer data to your My Tax Account. Regardless, small business owners will continue to have filing options after switching to AMS.
Getting Started with AMS is Easy
With over thirty years of accounting software experience, you can rest assured that AMS products will get the job done. However, if you’re not sure if this is the product for you, we encourage you to test out this software. Our tools are available in the form of a free demo, which allows potential customers to see how powerful a smart, secure accounting solution can be. If you want more proof of our customer satisfaction, check out our testimonials page.
Interested in additional Advanced Micro Solutions tools? We offer a full catalogue of fully-integrated software products. See below for our tools and corresponding prices.