Blog
11+ IRS Flags for Small Businesses: How to Avoid Audit Triggers
The most common IRS red flags for small businesses include consecutive business losses, excessive tax deductions, and inaccurate income.
Rejected Invoice: Top Reasons for Rejection + Expert Tips
A rejected invoice can happen for several reasons, such as when the document has an invalid purchase order number or incomplete data.
Rejected Invoice: Top Reasons for Rejection + Expert Tips
A rejected invoice can happen for several reasons, such as when the document has an invalid purchase order number or incomplete data.
23 Payroll Statistics in USA to Know: Key Trends & Insights
The latest payroll statistics in the U.S. provide insight into the relevant issues and trends influencing payroll processing across different sectors.
Avoid the 1099 Late Filing Penalty: Deadlines, Fees, & Solutions
The 1099 late filing penalty is a set punishment imposed by the IRS on individuals and businesses who fail to submit their forms on time.
Self Employed vs Small Business: Learning the Key Differences
The difference between being self-employed vs. a small business owner is in their level of involvement in a business’ key operations.
What is an Employment Verification Letter? + Sample
An employment verification letter is proof of a person’s employment status and can be used when applying for a loan or renting property.
Event Planner Invoice: How To Create It in 6 Simple Steps
An event planner invoice details the services provided by this professional, who uses it to request payments from their clients.
OASDI on Your Paystub: How Much You’re Paying and Why
The abbreviation OASDI on a pay stub refers to the Social Security portion of the FICA taxes withheld from an employee's regular earnings.
Invoice Discount: What Is It & How Does It Work? [w/ Example]
An invoice discount is a type of short-term loan that lets vendors and startups borrow against their accounts receivable to secure cash flow.
7 Types of Invoices Every Business Should Know [+Templates]
The seven main types of invoices that business owners use include standard, proforma, debit, credit, mixed, recurring, and commercial invoices.
Why Do Employers Hold Your First Paycheck: 3 Reasons
Exploring the possible answers to the question, "Why do jobs hold your first paycheck?" helps new hires understand their wage and labor rights.
What Is a W-9 Form? Everything You Must Know
The answer to the question 'What is a W-9 form?' is that it is used to confirm an independent contractor's tax identification number (TIN).
How to Get Pay Stubs From Workday: Full Guide
Understanding how to get pay stubs from Workday helps you maximize its efficiency and minimize possible errors when accessing your files.
ER Health on a Pay Stub: What Is It & How Does It Work?
ER health on a pay stub refers to the health plan coverage paid for by employers as part of the compensation benefits offered to their staff.
How to Create a Plumber Invoice in 5 Simple Steps [w/ Tips]
A plumber invoice summarizes the services and rates offered by a plumbing contractor. It is also used to request or follow up on clients’ payments.
No Pay Stubs from Your Employer? Here’s What You Can Do
Knowing what to do if your employer doesn't give you a pay stub is crucial in protecting and upholding your labor rights as a worker in the US.
What is a Split Invoice? A Complete Guide to Flexible Billing
A split invoice is a single transaction that's spread across multiple invoices. It is often used when managing large or recurring purchases.
Pro Forma vs. Commercial Invoice: Key Differences to Know
Distinguishing a pro forma vs. commercial invoice ensures vendors meet customer demands and adhere to international shipping regulations.
7+ Types of Employment: From Full-Time Jobs to Freelance Gigs
The main types of employment are internship, apprenticeship, and full-time work, as well as contractual, seasonal, and leased employment.
Digital Nomad Taxes for US Nomads & Expats: Full Guide10
Digital nomad taxes are levied on American freelancers who are based abroad. They include federal and state income taxes and FICA taxes.
Understanding 7+ Key Tax Deductions for Volunteer Work
The tax deductions for volunteer work only apply to the unreimbursed out-of-pocket expenses incurred while carrying out charitable services.
Full Guide to Babysitter Taxes: Tax Types, Exemptions, & More
Babysitter taxes are levied on self-employed nanny income worth at least $600 or full-time babysitting cash wages worth at least $2,700.
How do Social Media Influencers Pay Taxes? Full Guide
Influencer taxes are a common term for taxes levied on influencer income. Generally, influencers who earn at least $600 fall into this category.
Understanding Seasonal Employment: Types, Benefits, & Tips
Seasonal employment is a temporary job opportunity that opens during certain times of the year, such as the holidays, summer, and winter.
Household Employees: Hiring, Classification, Taxes, and More
Household employees are hired to fulfill services like cleaning, babysitting, driving, cooking, and yard work within their employer's residence.
Crypto Taxes: Full Guide on When and How to Pay Them
The crypto taxes are levied by the IRS on cryptocurrencies used to generate gains or losses by selling, trading, or purchasing goods.
Understanding Pet Tax Deductions: Are Veterinary Bills Eligible?
The answer to the query, "Are veterinary bills tax deductible?" is that claiming the said expense only applies to service animals and working pets.
Does Changing Jobs Affect Your Tax Return? Learn How
Changing jobs does affect your tax return if it means reporting more sources of income or paying additional or higher taxes to the IRS.
Freelancing as a Student: Managing Your Finances & Taxes
Freelancing as a student entails exploring jobs that match your skills and learning about applicable labor policies and freelance taxes.
