Blog
Explore our blog to discover everything you need to know about paystubs, W-2 forms, tax forms, and much more.
How to Send Tax Documents Securely and Safely: Full Guide
Learning how to send tax documents securely is one of the most crucial ways to stay protected against identity theft and other types of tax fraud.
What Happens if You Only File One of Your Multiple W-2 Forms?
If you only file one W-2 form despite receiving multiple copies within the year, you will possibly face IRS notice, an audit, or hefty penalties.
Salary Advance: Meaning, Benefits, Risks & Alternatives
A salary advance is an upfront sum you can get as a loan from your employer in case of an emergency or financial difficulty.
How to Get a Mortgage if You’re Self-Employed: Full Guide
Knowing how to get a mortgage when self-employed helps gauge your capacity to repay your desired loan and explore available mortgage options.
Are Tips Taxable? All You Need to Know About Filing Cash Tips
The answer to the "Are tips taxable?" question is yes because all cash and noncash tips are included in an employee's taxable earnings.
W-2 vs. W-4 Form: Key Differences, Filing Rules, & Purpose
Knowing the differences between a W-2 vs. a W-4 form enables businesses to withhold the correct taxes and regulate their payroll practices.
Do Paychecks Expire? A Quick Guide For Employees
Have you ever wondered if paychecks expire? The answer is yes; they do after a maximum of six months or 180 days. Employers must reissue expired checks.
Tax Planning for Beginners: Definition, Effective Strategies & Tips
Tax planning is a strategic process of assessing your finances and identifying legal and feasible ways to reduce your taxable income.
What Happens if I Can’t Pay My Taxes & What to Do About It?
The answer to the query "What happens if I can't pay my taxes?" is that you could face penalties from the IRS or even imprisonment.
How to Report Self-Employment Income Without a 1099
It is crucial to know how to report self-employment income without a 1099 form to avoid underreporting your earnings and facing IRS penalties.
W-2 Form Correction: How to Do It & Why It Matters
W-2 form corrections are amended errors on previously issued W-2 forms. Some of these errors are incorrect SSNs, wages, and withheld taxes.
How to Report Foreign Income: A Complete Guide
Knowing how to report foreign income includes being familiar with the applicable US and foreign tax laws and using the correct IRS forms.
Married Filing Jointly vs. Separately: Which is Right for You?
Knowing the difference between married filing jointly vs. separately helps identify the filing status that best suits your financial circumstances.
Home Office Deduction: How to Know if You Qualify + Calculation
A home office deduction is a tax break that lets self-employed taxpayers claim a percentage of their home office expenses on their tax returns.
How to File Taxes With No Income & Why You Should Do It
Knowing the solution to the query, 'How do I file taxes with no income?' enables you to reduce tax liabilities and avoid possible IRS penalties.
7 Payroll Trends Every Business Owner Should Know in 2024
The top payroll trends in 2024 include maximizing AI capabilities for payroll, improving data security, on-demand payroll, and global compliance.
Invoice Management: Definition, Importance, Best Tools, & More!
Invoice management is an accounting process that involves acquiring, recording, verifying, and tracking all invoices from a supplier or vendor.
Small Business 1099 Form: Requirements, Deadlines, & More
A small business 1099 form is used to report non-employee payments made to contractors, vendors, shareholders, or organizations.
Gross Pay vs. Net Pay: 3 Essential Differences [+ Examples]
The main difference between gross pay vs. net pay is in the deductions, amount, and purpose of each of these two options.
Do Minors Have to Pay Taxes? Teens & Tax Duties Explained
Knowing the answer to the 'Do minors have to pay taxes?' question will help minors ensure they file the correct taxes during tax season.
How to Know if You Owe Taxes: A Comprehensive Guide
If you're wondering 'How to know if I owe taxes,' the answer is—the IRS sends you a notice via mail if you have unfulfilled tax obligations.
1099 vs. W-2 Forms: 3 Key Differences & How to File Them
The key difference between a 1099 vs. W-2 form is that non-payroll workers use 1099 forms while payroll employees use Form W-2 to file taxes.
17 Beneficial Tax Deductions for Independent Contractors in 2024
Some of the most beneficial tax deductions for independent contractors are home office, health insurance, and self-employment tax deductions.
A 5-Step Guide to Preparing for an Unemployment Tax Audit
An unemployment tax audit is a formal investigation that aims to verify whether employers are duly fulfilling their FUTA and SUTA tax obligations.
How to Ask for Upfront Invoice Payment [+ Pros, Cons, & Risks]
An upfront invoice payment is an advance deposit that customers must fulfill before businesses fulfill a service or deliver the purchased goods.
What is a Paystub? Your All-in-One Guide
What is a pay stub, what information does it have to contain, and why is it crucial for transparency in wages? Read this article to find out.
Invoice Financing: Definition, Types, Examples, Benefits, & More!
Invoice financing involves borrowing against unpaid customer invoices or purchases to secure financial aid from lenders or financial institutions.
How to Set Up a Payroll for a Small Business: A Complete Guide
To set up payroll accurately, you should calculate employee wages correctly, avoid common payroll errors, and consider using online HR tools.
Payroll Administration: Meaning, Components & 5 Best Practices
Payroll administration refers to all the critical steps in calculating employee wages, providing worker's benefits, and ensuring full tax compliance.
Self-Employment Ledger: Meaning, Example & Best Practices
A self-employment ledger is documentation of profits earned and expenses paid within an independently owned business.
