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What is a PayStub and What Does a Paystub Look Like?

August 11, 2022

What is a PayStub?As a newly-hired employee or a newly-established self-employed individual, you might wonder what is a paystub or what is a check stub. What does a pay stub look like? What are pay stubs used for? What information is available on a pay stub?A paystub or paycheck stub is a piece of document an employer gives to their employee or a s...

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How to make a paycheck Stub

May 24, 2022

Follow these directions to make a paycheck stub and download it instantly:

  1. Select a paycheck stub template that fits your needs.

  2. Enter your company and payee information on the paycheck stub

  3. Determine if the payee is a contractor or employee.

  4. Enter the payee's pay rate or salary information.

  5. Select the paydate and do...

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Pay Stub Examples from Real Check Stubs Generator

March 7, 2022

Pay stub examples vary on purpose and information to be shown. Different templates are available, but it’s better to make your own from our Real Check Stubs generator!A pay stub or check stub is a document an employer gives to employees or a self-employed individual highlighting their earnings in a given period. It can be used as proof of income or...

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Proof of Income: Everything You Should Know About It

February 18, 2022

Proof of income is what you can use for applying for loans, rent, aid, and insurance. This helps mortgage companies, landlords, and agencies to know that you can pay them on time.Whether you’re self-employed or you work for someone else, you’ll have proof of income documents to use for different applications. This post will teach you what proof of ...

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How to Read a Pay Stub? — Guide from Real Check Stubs

February 9, 2022

If you’re a newly-hired employee and have just gotten your pay stub, reading it might seem confusing. This post will help you learn how to read a check stub and its essential parts and how to use it for your taxes. If you’re an employer, you’ll also find a real check stubs generator at the bottom of the post to quickly generate your check stub...

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What is SUTA? Tax Rates, Obligations, Calculations

November 24, 2021

Becoming an employer means taking on responsibilities such as running a payroll. These are responsibilities you need to fulfill towards your employees, and one of those responsibilities is withholding certain payroll taxes, such as the State Unemployment Tax Act (SUTA).Ensuring that your business complies with government regulations every year with...

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What Is FUTA: Overview of FUTA Tax Rates, Calculations, Credits

November 8, 2021

The Federal Unemployment Tax Act, or FUTA, is a policy that requires employers to pay payroll taxes helping states to provide unemployment benefits or compensation to employees whose contracts ended or terminated. Although, FUTA only applies to workers not dismissed for gross misconduct.Employers file and report FUTA taxes annually with the Interna...

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How to Calculate AGI (Adjusted Gross Income) from W-2

October 15, 2021

When filing your tax return, you would always spot a column to figure out your adjusted gross income, or more commonly known as AGI. This is a crucial step in calculating and arriving at your taxable income and tax liability for a given tax year.Knowing how to calculate AGI from W-2 form is an essential skill every taxpayer should possess. As a non...

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W-2 vs. W-4: What's the Difference and How to File?

October 4, 2021

IRS forms W-2 and W-4 both have to do with employers and their employees. However, the difference between W-2 and W-4 forms lies in how they function and who should fill out and complete the documents.This article explains W-4 form vs W-2, distinguishing one from another. It covers their differences in terms of purpose, who completes them, when the...

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What is a Self-Employment Ledger and Why It’s Important for You?

September 21, 2021

What is a self-employment ledger? Why is it essential for a self-employed individual such as yourself? How could you use it to verify your income and even document your expenses?One dilemma that many self-employed individuals face is the burden of proof of income, especially when applying for loans or claiming benefits, and even paying taxes. This ...

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What is LTD (Long-Term Disability) on my Paystub?

September 9, 2021

When you look at your paystub, you might wonder what the LTD under the benefits section means. LTD stands for "Long-Term Disability." It is a type of disability insurance that protects your ability to earn an income in the event you incur an injury or severe illness.Disability insurance provides income coverage after an elimination period for condi...

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S Corp vs C Corp - Detailed Comparison

August 30, 2021

Trying to decide between an S corp vs. a C corp when incorporating your business could be tricky without knowing the two business-type entities properly. If you also want to know more about a limited liability company, check our devoted article - Pros and Cons of an LLC.There is no one right solution for what is better when considering what structu...

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Pros and Cons of a Limited Liability Company (LLC)

August 30, 2021

Previously we made a thorough comparison between C corporation and S corporation. Now it's a turn of LLC.A Limited Liability Company, also known as LLC, is a much easier business structure to set up compared to corporations, such as an S and a C corporation. It provides flexibility and protection for the owners and shareholders. However, as with al...

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IRS Form 2553 Filing Instructions

August 27, 2021

When you consider changing the status of your corporation into an S corporation, you would need to familiarize yourself with IRS Form 2553. Becoming an S corporation allows you to enjoy tax benefits and returns and shareholder dividends.Use this guide to learn more about IRS form 2553 filing instructions on how and when to submit it. What is F...

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5 Business Accounting Mistakes That Business Owners Make

July 23, 2021

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 co...

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

July 19, 2021

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 and Tax St...

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