Filing your tax forms correctly and on time is essential to avoid costly Internal Revenue Service (IRS) penalties. The W-2 wage and tax statement is one of the most common documents that need to be filed by employers for each of their employees. Failing to do so can be damaging—both financially and to your professional […]
Portable document format (PDF) is a popular way to create and share documents electronically. PDFs are ideal for sharing important and official information, because the document preserves its original format and layout across platforms and devices. However, it can be a bit tricky to edit a PDF online when you need to—especially if you’re not […]
While paystub edits are rarely necessary, they occur more often than many employers realize. From minor corrections to essential updates, there are several situations where modifying a paystub becomes unavoidable. However, it’s crucial to follow the correct procedures to remain compliant with tax laws and regulations. Failing to do so can lead to serious legal […]
Confused about 1099-NEC vs. 1099-MISC? Learn the key differences, when to use each form, and how to stay compliant when reporting contractor payments and business expenses.
Confused about what YTD means on your pay stub? Learn how to calculate it, what it includes, and why it’s essential for tracking income and deductions.
Wondering how long you should keep pay stubs? This guide breaks down the best retention practices, legal requirements, and expert recommendations to help you stay organized and prepared for tax season, loans, and disputes.
Discover the key differences between Form W-4 and Form W-9, who needs to fill them out, and how they impact tax withholdings for employees and contractors.
Decode the mysteries of your paycheck stub with our definitive guide! Learn how to understand common abbreviations, track your earnings, deductions, and YTD totals, and ensure your paychecks are accurate.
If you’re not prepared, tax filing deadlines can catch you off guard. Missing important tax dates can be frustrating and even lead to late penalties. The easiest way to avoid this is to take some time and save each relevant tax filing deadline to your calendar. We’ve put this article together to make it easier […]
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 […]
