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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...

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...

If you own a business or 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.While there is a ...

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.What is form 1099-NEC? What is a 1099-NEC form used for? Why an...

Gross pay vs net pay is one of the most common topics that employees, self-employed individuals, and sometimes freelancers need to understand on their paystub. Learning more about them could help you better comprehend your compensation, potential tax liabilities, and buying power.What Is Gross Pay?The gross pay on paystub is the total amount of mon...

Every time you receive your check stub, you might ask yourself the questions, "What is FICA on my paystub?" "What are all the deductions listed, and are they necessary?" "What does FICA mean on my paystub?" You are not alone when asking yourself these questions. Many employees and self-employed individuals also wonder the same things.It is good to ...

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 improper ente...

Finding the right and trustworthy real check stub generator 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 ident...

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.Read on to...

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 this helpful advice for your small business, running payroll for your employees would be easier, faster, more accurate, and more reliable than ever before.Set Up a Payroll SystemS...

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.Here...

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 voided check fr...

As an employee or employer, you might be asking yourself how long to keep pay stubs and why you should save pay stubs. Is there any reason or purpose that you should hold onto them? What would you do with them if you decide to discard check stubs?Pay stubs contain essential information such as net and gross wages, taxes and deductions, benefits, an...

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...

Whether you’re an expert or a beginner at paychecks, there’s a lot of jargon and technical terms you need to decipher. A pay 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 companies have adapted paperless pa...

Are you still stuck on using a Microsoft Excel 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?Creating pay stubs requires numerou...