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Tax season can be a challenging time for small business owners, freelancers and independent contractors. Using an online check stub maker to generate pay stubs certainly makes things easier when it comes to record-keeping. However, you also need to navigate the intricacies of tax forms, which can be complex – especially when the requirements ...

Form 1099-NEC or nonemployee compensation 1099 makes a comeback in 2020 after a 38-year hiatus. Employers and business owners used Form 1099-MISC for the past few decades to report nonemployee compensation. This time around, they could now welcome the revived and revamped 1099-NEC form.   This article gives you knowledge about the IRS requi...

If your employer hasn’t sent you a W-2 form or a pay stub, you can use other ways to file taxes. This article covers all the details about other forms and resources. Let’s dive in. What is Form W-2? Form W-2 is a tax document that employers send to their employees. It shows your income and taxes withheld from your paycheck, so you can...

Filing taxes is pretty easy if you have been living and working in the same state for years. However, when you have to file multiple taxes since you are living in more than one state, it can get tiring. In 2015, the United States Supreme Court passed a bill ruling against two states taxing a worker on the same income. While this decision favors ta...

Every new year starts with an overwhelming understanding of filing tax returns. One of the most stressful things that every American has to do is file their taxes. However, having all the necessary guidelines and tools can help you go through this period seamlessly.  Generally, employees receive the W-2 form to file tax returns from their emp...

Filing taxes as an independent contractor can be confusing and intimidating. Questions like, "Will I get into trouble?" "What are the various rates?" "Am I missing anything?" must be bombarding your mind. But don't worry! Check out our freelance tax guide to learn everything you must know to file taxes as a freelancer or independent contractor. ...

Personal filing mistakes often cause common tax problems. You may not be able to afford the services of an accountant in filing your tax returns. However, you must ensure you do it accurately when you file them yourself.  All taxpayers are liable for the mistakes on their tax returns, so avoiding common mistakes will save you from endless iss...

With the announcement of the 10200 unemployment tax break refund, a substantial sum goes toward taxpayers through tax refunds. Many are eager to see it arrive in their bank accounts without delay. However, delays are inevitable due to the IRS's current workload with tax refunds. The introduction of the unemployment tax refund portal has allowed ta...

When you first incorporate your business, how you pay yourself may seem insignificant. It can be a straightforward process for some business types, such as a sole proprietorship or a limited liability company. However, it can be more complex when dealing with an S corporation.  There are three ways to pay yourself when you own an S corpo...

TurboTax is a highly-professional and efficient platform to file tax returns and get an expert opinion. This platform features many tax experts who can ease the stress of filing taxes. In addition to various tax products, TurboTax offers excellent services to file taxes with the last pay stub. Here, we have answered one of the most frequently aske...

A pay stub includes details of financial activities in a pay period, including taxes paid, deductions for health plans, gross wages, commissions, etc. The health plan includes the employee and employer’s contributions to health and medical expenses. According to the Fair Labor Standards Act (FLSA), employers must also record the health benef...