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Making an employee pay stub is an essential part of payroll processing. However, mistakes can happen, and they can have a significant impact on both employees and the company. In this blog, we'll discuss some of the common mistakes you can make while making paystubs and how to avoid them. Common Paystub Mistakes

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As the world continues to go digital, pay stubs are not left behind. Nowadays, many employers prefer to send out electronic check stubs to their employees. While this may be a cheaper, faster way to administer a pay stub, it may not always be ideal. So, even if paper check stubs are being phased out, it's still a good idea to educate yourself on t...

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...

We know it is difficult to understand how to calculate payroll taxes, but what’s more difficult is the calculation of pre-tax and post-tax deductions. Imputed income is a significant part of these taxes. While filing a tax return, you often get stuck on some points. And that main point is imputed income. Since employees aren’t paying f...

The provision of authentic and correct documents is essential for mortgage approval. Typically, the money lenders verify the authenticity of these documents before approving the loan. One of the most crucial documents for mortgage approval is proof of a stable income. Pay stubs containing essential information about the company, total earnings, ta...

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...

Businesses, whether small, medium, or large, need a payment schedule as long as there are employees. From pay cycle, pay day, pay period to pay schedule, there are so many payroll-related terminologies that business owners must understand. This is the only means of remaining at the top of situations.  However, choosing a pay schedule is not a...

Whether you’re a part-time worker or joining or leaving mid-year, you must know how to calculate pro rata salary. After all, you must know exactly how much salary you’ll get for the exact amount of time you’ve worked.  Generally, pro-rata refers to the percentage or proportion that someone distributes in equal parts accordin...

Have you ever been in a situation where you needed to prove your income but had no official documentation to back it up? Perhaps you were applying for a loan or renting an apartment, and the person or business you were dealing with required proof of income. In situations like these, having a pay stub can be extremely helpful. But what exactly is a...

Are you a member of the self-employed army? According to Forbes statistics, 30 percent of Americans have been self-employed during some point of time and 14 percent of these people reveal that being an independent contractor is their primary occupation. While being self-employed gives you a lot of freedom, it also results in various responsibiliti...

Are you looking to create a professional-looking pay stub for yourself or your employees? If so, you might wonder about the cost of creating check stubs. While the cost of creating  pay stubs can vary depending on your chosen method, ensuring that you get a reliable and accurate document that meets your needs is essential. This article will ex...

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...

Creating a pay stub in Excel doesn’t have to be a daunting task. With a few easy steps and some basic knowledge of Excel, anyone can create a professional-looking pay stub in no time. A pay stub is an important document for employees, as it provides a detailed record of their earnings and deductions. It also serves as proof of income when em...

What's your workforce like? And how tedious is it to generate paper checks for your employees? Typically, if you have a considerable workforce, the answer to this question is "not easy." There's a lot to deal with, from paper trails to keeping a tight record, overhead costs, and generating a manual pay stub. It can take a toll. An online pay stub ...

Understanding a pay stub and how it impacts your pay is vital to ensuring you receive the correct amount of money each pay period. This article will explain what OASDI is and how it affects your pay stub. We’ll also explain how to read a pay stub and calculate payroll taxes to ensure you get the right amount of money. What is OASDI Tax The ...

Each year, millions of taxpayers receive a W-2 form from their employers as proof of their income. Unfortunately, not all of these forms are accurate or even real. It is essential to know how to spot a fake W-2 to protect yourself from becoming a victim of identity theft or tax fraud.  Knowing the elements that make a fake W-2 can help you st...