If you’re a small business owner with only a few employees, it may be worth processing payroll on your own instead of hiring a payroll company or an accountant. However, processing your own payroll can be challenging if you don’t know every component of the process and errors to watch for. If you ensure that you […]
It’s difficult for employers to know what their pay stub obligations are, as there are different state and federal laws. Knowing your pay stub requirements by state will help your business comply with Department of Labor requirements and avoid costly penalties. This guide will outline everything you need to know about pay stubs, including how […]
Learn what essential details should be included on a pay stub, from federal and local tax deductions to Social Security, Medicare, and 401(k) contributions. Ensure accuracy and compliance with this guide!
Good bookkeeping involves keeping records of every employee’s pay and providing each of your employees a breakdown of their paychecks. You can accomplish both of these tasks by generating pay stubs. Although there is no federal regulation on pay stubs, generating pay stubs for your employees can still help your business. Read on to learn how pay […]
There are many benefits to being self-employed. But there are also a few challenges that traditional employees don’t experience. One of these challenges is keeping accurate records of your income to submit tax returns to the Internal Revenue Service (IRS). Luckily, the process of generating pay stubs doesn’t have to be complicated. Create Your Pay […]
It’s easy for full-time, contracted employees to show proof of employment. Usually all they need to do is ask the human resources department at their company. Self-employed (freelancer, for example) may experience more difficulty providing proof of employment. Verifying employment is important when applying for a home, car or personal loan. In this article, we […]
Payday is always a great day, but do you ever find yourself guessing how much each paycheck will be? This experience commonly happens to workers who don’t fully understand the deductions that come out of their paycheck each pay period including taxes, social security, and medicare. Keep reading to learn what’s included in your pay stub, […]
If you’re thinking of buying a new home or applying for a business loan, you will need pay stubs to provide proof of income and employment. Although many people try to keep their old pay stubs filed in a safe place, they often get lost, destroyed or accidentally thrown out. In this article, we provide […]
Many people don’t receive their check stubs or pay stubs in paper form anymore. Electronic check stubs are the norm, but they may not be the best type of check stub in all cases. Employers should consider their options and the needs of their employees when it comes to the different types of check stubs that can […]
A Power of Attorney (POA) is a legal document giving one individual the power to act on behalf of another individual under certain circumstances. A POA ensures that administration of your financial or personal affairs continues, even if you are incapacitated or unavailable. You should recognize when they may require a power of attorney, understand how POA’s […]
