Sage MAS 90 & MAS 200 ERP Software News & Tips
Featured Application of the Month: Electronic Reporting Helps You Do Taxes Right
Product Features
- Payroll Tax Reporting
- Accounts Payable Tax Reporting
- State-Specific Reporting
- Test Runs
Description
The Internal Revenue Service Government Regulations outline the procedure for submitting year-end W-2 and 1099 information on electronic media. According to these regulations, companies reporting 250 or more W-2 or 1099 forms must file this information using electronic media. The simple, easy-to-use Electronic Reporting module for the Sage MAS 90 and Sage MAS 200 ERP systems is designed to assist you in complying with these regulations.
The Electronic Reporting module provides the capabilities for reporting wage and payment information from the Payroll and Accounts Payable modules and 1099-INT, 1099-DIV, and 1099MISC information and submit it electronically in the format required by the federal government.
Several states have also adopted electronic reporting regulations, using the federal reporting requirements as guidelines. Sage MAS 90 and 200 users who file W-2s for employees or 1099s for vendors who work or live in the states that comply with either the current federal MMREF-1 format or the TIB-4 format can file their state information using the Electronic Reporting module. This module, connects with the Payroll and Accounts Payable modules, to help you comply with tax regulations quickly and easily.
Value
At an acquisition cost of $535, Electronic Reporting quickly pays for itself in time savings and accuracy. Please call Integrated Computer Systems Support at 425-820-6120 for more information.
