The TN Wage and Premium Reports allow employers to determine and submit premiums to the Tennessee Department of Labor and Workforce Development. Premiums are due and submitted quarterly; if an employer is delinquent, he or she will be charged both interest and penalties. Luckily, there are several ways to submit your TN wage and premium reports: in paper form or electronically through TN PAWS, the state’s online application. Known officially as the Tennessee Premium and Wage Reporting System, this amenity allows employers to complete their quarterly unemployment Premium and Wage Reports quickly and efficiently online.
These forms, LB-0456 and LB-0851, require data regarding your business, your employees, and the wages you have paid. In addition to providing the number of total wages, you must also calculate the net taxable wages. Furthermore, you will need the social security numbers, full names, and total wages paid in a given quarter for all of your employees. If you haven’t had a chance to get your business’s data organized, this is where AMS can help.
Advanced Micro Solutions provides comprehensive payroll and accounting services to small businesses around America. From basic payroll calculations and back-end data support to state-specific filing and E-File Direct, we have the products you need to bring your Tennessee small business up to speed. TN wage and premium reports shouldn’t be a full-time job. Let us help you out. Also, look at our 1099 Software if this is applicable to your business. It can save you tons of time.
AMS Payroll is Perfect for the Job
If you’re struggling with TN wage and premium reports filing, AMS Payroll is the software you need. The product has dozens of advanced functions, including the ability to import and export data to and from a variety of sources, SSN Verification file set-up, advanced check printing, and direct deposit support. Importantly, users can both print paychecks and calculate federal, state, and local taxes. These figures are essential data points for your TN wage and premium reports.
AMS Payroll also has a built-in back-end data storage feature. Not only will the product generate the information you need, but it will also store it for quarterly and end-of-year reporting. This is essential for accurate and punctual TN wage and premium reports filing. Additionally, AMS Payroll can export data to tab-delimited text files, which means transferring your data to TN PAWS is nearly automatic.
AMS Payroll’s functions don’t stop there. See below for additional highlighted software features.
- Imports data from QuickBooks, Excel, PeachTree, and Tab-Delimited Text Files
- Exports data to a Tab-Delimited Text File and/or QuickBooks General Journal
- Print checks individually or by date range
- Easy Payer and Employee Setup
- Automatic saving feature ensures data is never lost
- Support for end-of-year reporting, tax form preparation, and electronic filing
Tennessee Support You Need
AMS Payroll can export data to TN PAWS, but the software also includes the forms you need within the software. Both the Employment Premium Security Report (LB-0456) and the Employment Security Wage Report (LB-0851) are built into the software, making your job as a small business owner or accountant even easier. AMS Payroll also includes TN-04591, or the Claim for Adjustment or Refund.
If you’ve been waiting to update your accounting and business practices, now is the time. Advanced Micro Solutions has the software tools you need to make your accounting faster and more efficient. If you have any questions, give our Sales and Information team a call at 800-536-1099.