There are countless instances in life when you need to borrow or lend some money in order to keep your life going without having to compromise over money. However, there are various ways of doing so, each having their specific separate terms and conditions. Two of these methods are known as promissory notes and loan agreements…
Evicting a tenant is a time-consuming and costly process. However, it is worth the time and cost to start generating income on your rental property as quickly and efficiently as possible. It is vital to avoid the common mistakes landlords make while attempting to evict a tenant. Some steps must be taken first before you can evict…
Both employers and workers need to understand the information on a pay stub. Employers must generate accurate pay stubs that match the gross pay, tax withholdings, and other payroll amounts. Workers need to review their pay stubs to verify that their wages were paid correctly. A pay stub lists all of the key information related to an employee’s pay…
The 1099-MISC contains a number of standard fields, or boxes, in which the payer enters only information that is relevant to a recipient’s particular situation. The following is a quick overview of the information you will need to enter in the boxes. For more detailed information, you should consult the IRS’s instructions for filling out the 1099-MISC form.
The W-2 is simple and straightforward. You enter information that is already available from payroll and personnel records. You will also need to have some information about your business, such as an Employer Identification Number (EIN) and, in most cases, a State ID Number. The fields on each W-2 form are the same. However…
