The Virginia Employment Commission requires that employees withhold tax from any payment. Filing frequency is variable; if your withholding liability is less than $100 each month, your withholding returns will be due quarterly. If, however, your withholding liability is $1,000 or more, your withholding returns and tax payments are due semi-weekly. If you run a small business, this type of consistent filing can constitute a full-time job of its own. All employers must file withhold returns whether there is any withholding tax owed. If you want a faster, more efficient way to file your VEC FC 21/20, Advanced Micro Solutions has the software resources you’ve been looking for.
Built on this platform software, our payroll and accounting solutions provide simple but effective answers to small business owners’ most tedious problems. Your Quarterly Payroll and Tax Report is easily managed with AMS Payroll—read on to find out how. (Don’t forget to check out our 1099 Software if this is applicable to your business.)
AMS Payroll for VEC FC 21/20 Form Completion
Like most tax forms, VEC FC 21/20 requires essential employee information. In addition to providing identifying information, such as a full name and a Social Security Number, the employer must also include wages paid in a specific quarter. That information is then used to calculate total wages, total excess wages, wages subject to tax, and the amount of tax due. On its own, the VEC FC 21/20 is a relatively simple form. If you don’t have a data recording and management system, the Quarterly Payroll and Tax Report can be a nightmare.
AMS Payroll is more than a simple wage calculator. The software allows users to automatically calculate federal, state, and local payroll taxes, then store essential figures with a back-end data management feature. State and Federal tax deposit information and disbursements are recorded and used for electronic filing on a variety of forms—perfect for VEC FC 21/20.
AMS Payroll will also perform standard payroll functions. It processes both “Live” and after-the-fact payroll, can support up to 9,999 employees, and facilitate check-printing and direct deposit processing. Users can automatically file 941, 944, and 940 forms and export data to the W2-1099 Forms Filer for year-end processing. If you need a new payroll accounting system, this is the product to try.
The Virginia-Specific Support You Deserve
Tax and wage completion is a very personal process. If your software does not account for state-specific form support, it is not functioning as it should. We are proud to offer a variety of Virginia forms for your convenience. Nearly all are available through AMS Payroll, but every VA form is accessible with our Forms Filer Plus .
Available on both AMS Payroll and our Forms Filer Plus—
- VEC-FC-20; Quarterly Tax Report
- VEC-FC-21; Wage Listing
- Supplemental; Wage Listing (continued)
- VEC-FC-34; Correct Previous Wages
- VA-5; Employer’s Return of W/H
- VA-15; Semi-Weekly Voucher
- VA-16; Quarterly Reconciliation of W/H
Available only with Forms Filer Plus—
- VA-6; Annual Summary of W/H
If you’re interested in trying AMS Payroll, download our free demo software. This will allow you to browse some of the product’s best features and determine if this will be a good fit for your company. If you have any lingering questions, call our Sales and Information team at 800-536-1099.