Blog
What’s the Difference Between Payroll Tax & Income Tax?
The main distinction between payroll tax vs. income tax is that employers only pay payroll taxes, while employees pay both types of taxes.
What is a Cash Salary? How to Report it + Pros & Cons
Cash salary is a type of compensation given to employees, wherein the payment is given in the form of ready money.
How To Spot a Fake 1099 Form & What to Do About It?
The most essential step in spotting a fake 1099 form is to verify that the name, address, and income information reported are accurate.
What’s the Difference Between 1099 NEC & 1099 MISC Forms?
It is important to know when to use the 1099-NEC vs. 1099-MISC form to ensure payees receive the correct form needed to file their tax returns.
Payroll Codes Explained: How to Read Them From a Pay Stub
Payroll codes are abbreviations on pay stubs used to represent specific information about employee earnings, withheld taxes, and deductions.
How to Fill Out & File 1099 MISC Form: The Essential Guide
The key to understanding how to fill out a 1099-MISC form is to know the type of miscellaneous payment to report and the correct fields to fulfill.
How to Prove Income When Paid in Cash: 6 Valid Documents You Can Use
Creating pay stubs, depositing earnings, and requesting a proof of income letter are examples of how to prove income when paid in cash.
How to Create a Budget Using Your Pay Stubs: Full Guide
A pay stub budget is a money management strategy that uses pay stubs or paychecks as a guide in creating a workable budget plan.
What is an Earnings Statement: Definition, Components & Importance Explained
An earnings statement is a type of financial report that summarizes the gross and net wages paid to employees in a given pay period.
Self-Employed Proof of Income: 6 Methods on How to Prove It
Self-employed proof of income can include documents like 1099 forms, bank statements, or pay stubs that verify an individual’s income.
What is a Payroll Ledger? Full Guide on How to Use & Create it
A payroll ledger is a type of recordkeeping process that businesses use to track payments to employees, contractors, and other businesses.
What is a Check Number on a Pay Stub & Why It’s Important
A check number on a pay stub is a unique reference number assigned to each paycheck that helps the payroll management process.
What to Do With Multiple W-2 Forms From Different Employers?
Receiving multiple W-2 forms from different employers means all forms with complete and correct information need to be kept secure before the tax deadline.
How to Get Your W-2 Forms From Previous Employers
Sending a request email and contacting the payroll department or the IRS are some ways to get a W-2 form from your previous employer.
Full Guide on How to Get Pay Stubs from Previous Employers
The best way to get pay stubs from a previous employer is to email a request letter to HR or payroll personnel. Read to learn more.
Full Guide on How to Get Pay Stubs from Previous Employers
The best way to get pay stubs from a previous employer is to email a request letter to HR or payroll personnel. Read to learn more.
How to Calculate W-2 Wages From a Pay Stub
To calculate W-2 wages from a paystub, get the values for gross pay, pre-tax deductions, non-taxable income, and annual tax withholding.
What Are Net Terms on an Invoice & How to Interpret Them
Net terms are deferred payments that highlight flexibility in helping customers settle their payments in a timely manner. Read to learn more.
How Many Pay Stubs Do You Need For a Car Loan?
The minimum number of pay stubs needed for a car loan is at least two to three months' worth of your most recent pay slips. Read to learn more.
What Happens if You Don’t File Your W-2 Form?
Read this helpful and detailed guide on what happens if you don't file your W-2 form to avoid penalties and keep your tax obligations in check.
Is Unemployment Taxable? Tax Treatment on Unemployment Benefits Explained
Unemployment is taxable federally, locally, and state-wise, with the tax rates for unemployment varying per state and locale. Read to learn more.
Different Types of Paystub Paper [& How to Create Your Own]
The three most common types of paystub paper are standard printer paper, software-friendly paper, and business checks. Read to learn more.
What is Income Tax in the US? Definition, Types & Calculation
Income tax is a direct tax levied by the US government on regular income. It is a major contributor to sustaining the government's budget.
The Differences Between a Pay Stub and a Pay Slip
The distinction between a pay stub vs. pay slip primarily lies in the preferred regional use and the scope of payroll information in each document.
Non-Exempt vs. Exempt Employees: Differences Explained
Between non-exempt vs. exempt employees, the former are entitled to overtime pay and the minimum wage, while the latter are not.
What is Gross Income & How to Calculate it (w/ Examples)
Gross income is the total earnings before taxes and deductions. Net income results from applying taxes and adjustments to gross pay.
What is Prorated Salary and How to Calculate it [Full Guide]
Prorated salary is a percentage of an employee's regular pay determined by the work days or hours completed in a pay period.
Outstanding Payment Meaning & Strategies for Collecting Them
Outstanding payment is any unsettled amount in a client's invoice. Read this article to learn how to manage outstanding balances effectively.
What is Proof of Income: When It’s Needed & How to Show it
Proof of income is any valid document affirming a debtor's income and financial capacity to repay loans, afford rent, and buy a car or home.
What Happens if You File Taxes Late & How to Avoid It
Read this article to discover what happens if you file taxes late, including the possible penalties and fees that you must potentially settle.
