Form 941 is a simple procedure with a lot of weight, and for many, this is an easy and routine process. For some transitioning small businesses, however, Form 941 represents a massive shift. Employers use the form to report income taxes, social security tax, or Medicare tax withheld from employee paychecks. The form is also used to pay the employer’s portion of FICA tax, which include both social security and Medicare. In all situations, Form 941 is used solely to file taxes from W-2 employees—not 1099 contractors.
If you own a recently started small business, you may have relied on contract work to build your foundation. Getting ready to hire your first full-time employee includes more than payroll calculations and benefits estimations; it comes with a new slew of tax and wage forms. Form 941 is the first of many new forms you’ll need to encounter. Similarly, small businesses expanding to one to several employees will need to establish a system to handle the new tax and wage forms you’ll need to prepare. For many, this means investing in 941 (filing) software.
Making the Switch to 941 Software
Expanding your Form 941 usage is illustrative of larger shifts within a small business. Maybe you’re making the switch from contract work to full-time employees. Perhaps you’re simply adding more members to your team. No matter the case, Form 941 can be a massive pain to complete. Calculating, withholding, reporting, and depositing employment taxes can be a bookkeeping disaster. If you spend much of your time running the business, you likely won’t have any leftover energy to complete and maintain these forms. If you’re filing more 941 forms than usual, a 941 software is likely the best strategy to avoid a bookkeeping disaster.
W-2/1099 Forms Filer Pricing
|AMS W-2/1099 Software|
941 Filing Software is Easy with AMS
Advanced Micro Solutions makes 941 filing simple and easy. Our program will electronically file 941 forms through the AMS Payroll module. All you need is the software, a valid internet connection, an E-Filer Signer PIN (obtained from the IRS), and a small charge. Rather than manually filling out this essential form, input payroll data straight from the software and send the form on its way.
If you made a mistake on your Form 941, we have the fix. AMS provides software support for Form 941-X through the Forms Filer Plus module. You’ll need to obtain the information you need to correct the 941 form filing and mitigate any penalties, but we can help with the rest.
AMS can aid with more than Form 941. We offer W-2 and 1099 Software to suit your small business’s needs, whether you hire contractors, full-time employees, or part-time employees. This flexibility has remained core to our mission of providing flexible, inclusive accounting software. No matter your tax and wage filing needs, we have a solution.
Other Services from AMS
In addition to providing 941 Software, AMS offers a range of additional accounting tools. Our products operate modularly, which means employers purchase a required platform and build out the software to meet their exact needs. See below for our full catalogue.
- W2/1099 Forms Filer (required platform)
- Payroll Software
- Software-Generated Forms
- E-File Direct
- Affordable Care Act Filer
- Forms Filer Plus
If you have any questions about 941 software or our catalogue, please call our Sales and Information team at 800-536-1099.