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Income Tax

1099 Contractor Payroll Software Introduced by PayrollMate.com

The new software module is designed to provide U.S. businesses with the tools they need to pay 1099 contractors and non-employees, to prepare vendor accounting reports, and comply with IRS rules and regulations relating to vendors and independent 1099 contractors.

Nov. 13, 2012

Real Business Solutions (PayrollMate.com), a developer of payroll and 1099 tax software programs, has announced the release of a Vendor and 1099 Management module for the company’s flagship payroll processing solution Payroll Mate.

The new software module is designed to provide U.S. businesses with the tools they need to pay 1099 contractors and non-employees, to prepare vendor accounting reports, and comply with IRS rules and regulations relating to vendors and independent 1099 contractors.

The company said Payroll Mate is designed to simplify the often complex requirements involved in payroll processing, whch involves a wide array of legislation and regulations that can result in penalties. Among the program’s features are the ability to automatically calculate net pay, federal withholding tax, social security tax, Medicare, state and local payroll taxes.

Payroll Mate also supports different types of payroll pay periods, prints checks, prepares payroll forms 941, 940, 944, W-2, W-3, California DE 9 , California DE 9C , Texas C-3 , Texas C-4, New York NYS-45, Illinois 941 and Illinois UI-3/40. The payroll software allows unlimited tax categories, pre and post-tax deductions and unlimited pay rates per employee making it very flexible and powerful.

The company is offering a free evaluation of Payroll Mate including the 1099 Contractor Payroll processing module at www.PayrollMate.com.

“We are very pleased to announce the new 1099 contractor payroll module,” says Nancy Walters, Payroll Mate product manager. “It enables businesses and accounting professionals process 1099 contractor payroll with the same ease and flexibility of processing employee payroll using our Payroll Mate software.”