In Puerto Rico, the Employer’s Quarterly Return of Income Tax Withheld, also known as PR Form 499 R-1B, must be filed by every employer who is required to deduct and withhold income tax. The form itself is simple and, often, doesn’t take much time to complete. Employers must include the number of employees in a pay period, report the total amount of wages, allowances, commissions, and tips, calculate the total amount of tax withheld, and report any credits. Then, there is a series of very simple calculations. If you need to complete the monthly withholding detail, you’ll need to do, more or less, the same thing. Puerto Rico provides an excellent resource for those who need detailed explanations, and the Spanish language version is just as helpful.
Some employers have this information accessible and on-hand, making the PR Form 499 R-1B nice and simple. Unfortunately, most employers don’t keep meticulous records, especially when it comes to employee wages. If this describes your situation, you may spend hours trying to find the correct data. This is where Advanced Micro Solutions can help.
We design and create intuitive, semi-automated payroll software for small businesses. We understand the accounting processes businesses struggle with, and we’ve produced a line of user-friendly products to help with every problem you might run up against. If you’re struggling with PR Form 499 R-1B, we recommend trying AMS Payroll Software ($129), one of our most popular products. Read on to see why.
PR Form 499 R-1B is No Match for AMS Payroll
When it comes to PR Form 499 R-1B, organization and data gathering are the biggest hurdles employers face. This is easily remedied with a complete payroll software like AMS Payroll. Rather than keeping countless files of employee payroll information, this tool provides a data warehouse in which to store all necessary numbers. The software will automatically calculate local, state, and federal taxes, withhold them from paychecks, and store the information for later use – such as when completing the PR Form 499 R-1B. When you’re ready to file, you can do so right from the software.
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Beyond aiding in reporting, this is also just a great payroll software. See below for a list of some of our favorite features.
- Imports data from QuickBooks, PeachTree, Excel and Tab Delimited Text Files
- State and Federal tax tables are included and updated as needed
- Prints more than 30 types of checks, individual or by date range
- Facilitates direct deposit processing
- Processes both “live” and after-the-fact payroll
- Network and multiple PC installation included
- Up to 40 user-defined fields for business-specific deductions and additions
Investing in AMS
We know that buying payroll software is a big step for most businesses, especially smaller operations in Puerto Rico. That’s why we want to make the process as easy as possible. We have made our software available online in the form of a free, downloadable demo, perfect for potential customers to test and try. When you’re ready to buy, you can do so from anywhere and at any time. AMS Payroll also comes with unmatched customer support and a variety of resources.