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5 Business Accounting Mistakes That Business Owners Make

Jan 27, 2023
Time to Read: 9 mins

As a small business proprietor, it is essential that you are involved in all aspects of your company, and thanks to available accounting applications and software, it is easier than ever to keep track of your business progress and growth. While accounting software has made recording and bookkeeping faster and easier for small business owners, you ...

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How Can I Get a Copy of My W2 If I Lost It?

Jan 27, 2023
Time to read: 9 Minutes

As the deadline for the annual filing of Form W-2 comes near, all employees need to prepare their tax returns before the income tax due date. You should be aware of where your tax documents are stored and if you have received them from your employer.   When filling out Form 1040 (Individual Income Tax Return Form), you need a Form W-2 (Wage ...

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Top 13 Small Business Accounting Advice To Save Your Money

Jan 27, 2023
Time to read: 11 Minutes

If you own a business or are just about to start one, you may have probably realized rather quickly that there are tons of details to consider. Most small business owners do not have a background in accounting, making it overwhelming for them. However, they still have to learn its ins and outs if they want to succeed in their business.   Whi...

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What is Form 1099-NEC and Who Needs to File?

Jan 26, 2023
Time to read: 9 Minutes

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...

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W-2 Wage and Tax Statement Form For Small Business

Jan 21, 2023

One factor that every small business owner should not overlook and treat as important as others is the wage and tax statement form, also known as the W-2 form. Each year by January 31, employers must send to employees these forms to file their income tax returns.W-2 tax forms demand attention when filing. Failure to submit on time and improperly en...

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Can You Trust An Online Real Check Stubs Generator?

Jan 26, 2023
Time to Read: 4 mins

Finding the right and trustworthy real check stub maker is an essential element of processing or running payroll for your employees. For small businesses without a partner payroll processing company, you might find yourself doing payroll manually. This includes accurately calculating employee hours and pay, providing employee and employer identific...

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Pay Cycle, Pay Day, Pay Period - What’s The Difference Between Them?

Jan 26, 2023
Time to read: 11 Minutes

Setting up a sound payroll system benefitting both employers and employees is an essential step in starting any business or company. Determining how and when your employees would receive their payments for work done is a necessity to handle your own payroll. This means that it is essential for you to understand basic paycheck terminology.   ...

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Best Payroll Advice For Small Businesses

Jan 26, 2023

For some, doing payroll for a small business is the least enjoyable part of the job. It could become tedious and costly if not done properly and efficiently.   Luckily, with these helpful 9 tips for your small business, running payroll for your employees would be easier, faster, more accurate, and more reliable than ever before. Set Up a Pa...

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Gross Pay vs Net Pay On A Pay Stub - What's The Difference?

Jan 27, 2023

  So what is the difference between Gross and Net and why does it matter? We're going to dig into that. The good news is you don't need to be an accountant to know the ins and outs of gross pay and net pay. It's not that surprising that these two figures can confuse us. The fancy names can be off-putting initially but once you understand the...

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What Is FICA On My Paystub?

Jan 23, 2023
Time to read: 10 Minutes

It is good to understand how much taxes and deductions are, how they are calculated, and where they are going. While there are many deductions listed, one of the best places to start is by identifying the FICA on a paycheck stub.Here is everything you would need to help you understand what the FICA tax is for, why your employer withholds them and w...

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Check Stubs For Renting Apartments – Why Is It Important

Jan 26, 2023
Time to read: 6 Minutes

If you plan to rent out an apartment, there are a few ways for your future landlord to determine if you can pay rent on time. Checking your job status, credit history, and monthly and yearly income, they would be able to see if you are a viable candidate to fill their property. Many income verification documents could be used to assess renters. &n...

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Pay Stub with Voided Check - What You Need To Know

Jan 27, 2023
Time to read: 6 Minutes

Receiving direct deposits of your salary to your bank account or making automated payments is a useful and convenient payroll feature. It eliminates mistakes from repeated writing of your information on checks. This is where a voided check comes in handy.    Employers using pay stub generators to create their payroll may request a voide...

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How Long to Keep Pay Stubs

Jan 26, 2023
Time to read: 7 Minutes

Pay stubs contain essential information such as net and gross wages, taxes and deductions, benefits, and work hours. They also include essential data such as the names of employees, their employers, and addresses.   With that said, let us look at the answers to the questions on why and how long should you keep pay stubs. 5 Reasons for Savin...

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Fake Pay Stubs – Illegal Way of Doing Business

Jan 27, 2023
Time to read: 10 Minutes

For many years, millions of people unemployed, receiving pay under the table, not paying taxes, and working off the books have created a new and widespread problem, the practice of making and using fake pay stubs. Every day numerous applicants try to use false documentation to present their income as sufficient to acquire home and car loans, credit...

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Pay Stub Abbreviations and Acronyms Decoding Tips

Jan 26, 2023
Time to read: 9 Minutes

Whether you’re an expert or a beginner at paychecks, there’s a lot of jargon and technical terms you need to decipher. A paycheck stub abbreviation is a term or a code written in a payroll. Pay stub abbreviations and acronyms provide employees with a clean and easy-to-read format for their paychecks.   Although plenty of companie...

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Online Stub Generator vs Pay Stub Template Excel

Jan 26, 2023
Time to read: 11 Minutes

Are you still stuck on using a Microsoft Excel payroll spreadsheet to produce and manage your employees’ pay stubs? With all the complex calculations and features of excel sheets, you would think they are useful for your accounting needs. However, are they really essential and efficient to generate your company’s payroll?   Creat...

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