The Nebraska Form 501, also known as the Monthly Income Tax Withhold Deposit, is unintimidating at first blush. Sure, employers need to sift through the text of the document, but there are only a handful of fields open for information. To complete the document, Nebraska employers need only include their ID number, contact information, and the deposit for the month. That last detail, however, is enough to throw most small business owners off.
While paying your monthly income tax withholding deposit may take just a few minutes, doing the calculations necessary to determine the precise amount could take hours – especially if you don’t keep updated and organized payroll records. If you own a small business, you likely don’t have the funds to hire an accountant, but you don’t have the time to keep track of this data on your own. This is the gap that AMS is designed to fill.
Advanced Micro Solutions makes accounting software for small business owners. We strive to support employers who might not have the resources to have a full Human Resources department, but also those who don’t have the time necessary to produce accurate and well-kept payroll records. While AMS can help keep and produce the data necessary to complete your quarterly and annual tax forms, like Nebraska Form 501, we can also automatically calculate the amount you need to withhold and pay. If you want a semi-automated and intuitive payroll upgrade, AMS has the product you need.
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How AMS Payroll Can Help
Nebraska Form 501 was created as a way for employers to file the amount of income tax withholding they keep from employee paychecks. The first step in ensuring a smooth filing process is streamlining and automating paycheck calculations. AMS Payroll ($129) provides this service. In addition to automatically calculating essential state, federal, and local withholding tax, the software will allow you to electronically file specific forms. It doesn’t get easier than that.
In addition to making all necessary paycheck calculations, AMS Payroll also contains a back-end data storage feature. This tool will both generate financial data and store it for safe-keeping when requirements like Nebraska Form 501 are due. This two-step process is what makes our payroll product an excellent upgrade for most small businesses.
If you’re interested in everything else AMS Payroll has to offer, check out these additional 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
Try Us on for Size
We want you to be confident in your decision to invest in our product. Payroll software is the most important financial tool a small business can have. To make your choice easier, our software product is available in the form of a free, downloadable demo. If you haven’t already, use this opportunity to cruise through the tool to ensure it will work for your business. When you’re ready to purchase, you can do so at any time.
Nebraska Form 501 doesn’t have to be difficult. Let AMS simplify the process.