Blog
Explore our blog to discover everything you need to know about paystubs, W-2 forms, tax forms, and much more.
What Is the Earned Income Tax Credit, and Who Qualifies?
The earned income tax credit reduces federal tax bills for eligible low- and moderate-income workers and may increase their tax refund.
Balance of Net Pay Meaning and How It Works
The balance of net pay meaning refers to the leftover paycheck amount sent to your last direct deposit account after fixed splits are funded.
What Is Split Direct Deposit and How Should You Set It Up?
Split direct deposit lets you route one paycheck into multiple bank accounts automatically, making it easier to save, invest, and budget.
What Are Social Security Tips on a W-2: All-in-One Guide
Social Security tips on W-2 explain how reported tips affect taxable wages, payroll taxes, and the Social Security earnings shown on your form.
Why Are Payroll Taxes Higher At The Beginning Of The Year?
The reason why payroll taxes are higher at the beginning of the year is that the Social Security wage base resets to zero each January.
What Is a Debt-to-Income Ratio, and Why Does It Matter?
debt to income ratio
How to Calculate Net Worth in 3 Simple Steps: The Full Guide
Learn how to calculate net worth by subtracting your total liabilities from your total assets, plus a breakdown of what counts as each.
What Is Deferred Revenue? Definition and Examples
Deferred revenue is payment collected before you deliver a product or service. Learn how to record it with journal entries and real examples.
How to Calculate Household Income: A Step-by-Step Guide
We teach you how to calculate household income by adding gross earnings from family members, including wages, freelance income, etc.
How to Qualify for Food Stamps and SNAP Benefits
Qualifying for food stamps depends on household size, income, and resources. Learn SNAP income limits, required documents, and how to apply for benefits.
What Is EFTPS? A Complete Guide to Federal Tax Payments
Learn what EFTPS (Electronic Federal Tax Payment System) is, how enrollment works, and who needs this free IRS tool for paying federal taxes online.
What Is a Net Operating Loss and How Does It Reduce Your Taxes?
A net operating loss occurs when your allowable tax deductions exceed your gross income in a tax year. Learn how to calculate, carryforward, and claim an NOL.
Discretionary Income Explained: What It Is and How to Calculate It
Discretionary income is what remains after taxes and essential expenses. Learn the formula, how to calculate it from your paycheck, and how it affects student loans.
Off-Cycle Payroll: Meaning, Uses, and How It Works
Off-cycle payroll occurs when a business issues payments outside their traditional schedule (e.g., when correcting errors or paying bonuses).
Owner’s Draw vs. Salary: Which Is Better for Taxes?
Learn owner's draw vs. salary key tax differences, documentation requirements, and how to pay yourself correctly based on your business structure.
What Is the ERC Tax Credit and How Do You Claim It?
The ERC tax credit lets you claim up to $26,000 per employee for 2020–2021 wages. Learn eligibility rules, credit amounts, and how to file retroactively.
Hazard Pay Explained: Who Qualifies and How It’s Calculated
Hazard pay is a premium added to your regular wage for performing in extremely dangerous conditions or at great risk of physical harm. Learn how to qualify.
Does PTO Count Toward Overtime? Rules You Should Know
If you're wondering "Does PTO count toward overtime," the short answer is it doesn't. Only hours of direct labor go into overtime calculations.
Child Support on a Pay Stub: How Does This Deduction Work?
If you're looking for child support on a pay stub, you'll usually find it as a separate line item in the deductions section, under your gross earnings.
Lost Your Pay Stubs? Ways to Replace Missing Pay Records
Lost pay stubs? Learn how to replace them fast using payroll portals, employers, or IRS records, plus alternatives if you cannot access original copies.
How to Switch Payroll Providers: Step-by-Step Guide for SMEs
Learn how to switch payroll providers without issues, improving your workflows and laying the foundation for future growth of your business.
Earned Wage Access (EWA): What It Is and How It Works
Earned wage access lets employees access pay before payday. Learn how EWA works, its benefits, risks, and tax implications.
Federal Minimum Wage: Current Rate, Rules, and Payroll Impact
The federal minimum wage sets the lowest legal hourly pay. Learn current rates, rules, exemptions, and payroll impact for employers.
What Is Double Taxation? Meaning, Examples & How to Avoid It
Learn what double taxation is to protect your funds and mitigate the negative impact it has on your finances.
What Happens When Payday Falls on a Holiday? Full Guide
Holiday payday rules: learn when you get paid early or late, how banks affect payroll, and what to expect from your paycheck.
Leap Year Payroll: Does February 29 Change Your Paycheck?
How leap years affect payroll depends on pay cycles, salaries, and hourly wages. Learn how February 29 can add extra pay periods and impact taxes.
Why Is My Paycheck Late? Typical Reasons & Employee Rights
Asking yourself, "Why is my paycheck late?" Understanding the most common reasons and your rights can help you secure your earned wages.
How to Amend a Business Tax Return: A Step-by-Step Guide
Learn how to amend a business tax return to correct mistakes, avoid paying penalties with interest, and claim deductions that you have missed.
American Opportunity Tax Credit: How to Qualify & Claim It
The American Opportunity Tax Credit (AOTC) offers up to $2,500 per student in education tax credits and partial refund. Learn eligibility and how to claim it.
How to File Taxes for a Small Business: A Step-by-Step Guide
Learn how to file taxes for a small business with our guide to ensure that you're using the right forms, filing them on time, and applying the correct deductions.
