Payroll and 1099 tax software product maker PayrollMate.com has released a vendor and 1099 management module for Payroll Mate, its flagship payroll processing product.
The new software module gives U.S. businesses the ability to pay 1099 contractors and non-employees, prepare vendor accounting reports and comply with IRS rules and regulations relating to vendors and independent 1099 contractors.
Payroll Mate features include 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, and 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 also allows unlimited tax categories, pre- and post-tax deductions and different pay rates per employee.
"We are very pleased to announce the new 1099 contractor payroll module," said PayrollMate.com product manager Nancy Walters. "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."
For more information, visit www.PayrollMate.com.