As with most states, Vermont employers must submit a quarterly wage report. This form is used to report how much the employer paid in wages during a specific quarter. The data reported is then used to determine tax liability, unemployment insurance obligations, and a variety of other potential responsibilities related to taxes and wages. The Vermont Quarterly Wage Report, also known as Form 147c, must be completed and filed on time each quarter; failure to do so will result in a penalty.
The Vermont Quarterly Wage Report requires a significant amount of data. Employers will need to enter each employee’s Social Security Number, full name, gross wages paid during the quarter, the hourly rate of pay (for hourly workers), sex, and he total gross wages paid to all employees. In essence, the Vermont employer will need to consult their existing payroll data to complete Form C-147. Unfortunately, it is rarely this easy.
Many Vermont small business struggle to keep accurate and updated payroll reports. Without a reliable system, business owners may fail to report essential forms during monthly, quarterly, and annual tax seasons, resulting in additional penalties. If you don’t keep great payroll records, you’re not alone. Advanced Micro Solutions is here to help.
AMS provides everything you need for efficient and accurate Vermont tax and wage reporting. Our line of user-friendly and small-business-oriented software tools are designed to expedite the payment and tax reporting process. If you’re struggling to complete the Vermont Quarterly Wage Report, AMS Payroll, one of our most popular products, may be the answer you need. Read on to see just how powerful a great payroll solution can be.
AMS Payroll for Form C-147 Support
AMS Payroll is more than a paycheck calculator. With dozens of functions and easy-to-use features, all Vermont employers can benefit from the service it provides. AMS Payroll can function as a basic payroll software; it prints checks, facilitates direct deposit processing, and has up to forty user-defined fields for additions and deductions, such as 401K and health insurance. However, the software also functions as a tax and wage reporting aid. AMS Payroll will automatically calculate federal, state, and local taxes, which can then be exported to a variety of sources to aid in quarterly and end-of-year reporting. It supports Federal payroll forms, such as the 941, 940, 943, 944, and 1040 SchH. Importantly, AMS Payroll supports the Vermont Quarterly Wage Report, allowing for automatic completion and filing.
See below for additional payroll 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
- Creates an SSN Verification file
- Easy Payer and Employee Setup
- Automatic saving feature ensures data is never lost
- SUI forms for all 50 states, the District of Columbia,
- Support for end-of-year reporting, tax form preparation, and electronic filing
Additional Products from Advanced Micro Solutions
In addition to offering AMS Payroll, we are proud to support a range of accounting tools perfect for Vermont small and independent businesses. Our catalogue is listed below.