Blog
Explore our blog to discover everything you need to know about paystubs, W-2 forms, tax forms, and much more.
W-2 Reconciliation: A Step-by-Step Guide for Year-End Reporting
W-2 reconciliation is the process of comparing a business’ Form W-2s with their payroll records to verify the amount of withheld taxes.
W-2 Form vs. Last Pay Stub: A Complete Guide for Tax Filings
The differences between W-2 vs. last pay stub are in purpose, content, and timing, with the former used for taxes and the latter for tracking pay.
1099-K Form: What Freelancers and Businesses Need to Know
A 1099-K form is used to record payments received from third-party networks, such as payment apps, cards, and online platforms.
Payroll Year-End: A Comprehensive Guide for Small Businesses
Payroll year-end refers to the process of reviewing, calculating, and filing the necessary compensation and deductions for the year.
What Is Wage Garnishment & How it Affects Your Paycheck
A wage garnishment is a debt collection method in which a part of an employee’s monetary compensation is legally withheld from their account.
Payroll Reversal Explained: Causes, Process, and Best Practices
A payroll reversal is the process of requesting the deposit recipient’s bank to cancel the original transaction due to a mistake or oversight.
Payroll Cutoff Date: What Is It and Why Does It Matter?
A payroll cutoff date is the deadline by which employees’ salaries and deductions need to be calculated so that they’re processed by payday.
Living Paycheck to Paycheck: How to Regain Financial Stability
You can stop living paycheck to paycheck by creating a budget, lowering living costs, increasing income, and tracking your income & expenses.
Do International Students Pay Taxes in the US? Full Guide
The answer to the question, ‘Do international students pay taxes in the US?’ is yes. They must pay taxes on taxable income (wages, tips, etc.).
Duplicate Invoice: Meaning, Risks, and How to Prevent Them
Duplicate invoices occur when a company processes the same invoice twice, leading to financial risks, audit issues, low efficiency, etc.
Self-Employed Health Insurance Deductions: A Full Guide
Self-employed health insurance deductions refer to the amounts you can subtract from your tax returns to account for health-related expenses.
Business Tax Credits: How Do They Work and How To Claim Them
Business tax credits provide dollar-for-dollar tax liability reduction. Check out the most well-known tax credit types and how to claim them.
Form 941 Filing: Deadlines, Instructions, and Common Mistakes
Employers use Form 941 to report quarterly taxes deducted from their employees’ salaries—federal taxes, Medicare & Social Security, etc.
How to Get and Access Verizon Pay Stubs in 4 Easy Steps
A Verizon pay stub is a record of an employee’s earnings, including their income, deductions, and benefits for a specific pay period.
Pay Transparency: What It Is and Why It Matters for Businesses
Pay transparency is the process of sharing employee compensation details to promote fairness and reduce pay gaps due to discrimination.
How to File Taxes Without a W-2 Form: Step-by-Step Guide
Find out how to file taxes without W2. Check out substitute Form 4852 and alternative forms like 1099-NEC, Schedule C, and Schedule SE.
Invoice Fraud: What Is It, and How to Recognize and Prevent It?
Invoice fraud is an illegal practice that involves the use of fake or modified invoices to trick businesses into providing payment.
6 Retirement Plans for the Self-Employed: How to Save Smartly
Retirement plans for the self-employed allow solo contractors and small businesses with multiple employees to set aside funding for later years.
Side Hustle Taxes: Step-by-Step Guide on How to Manage Them
Managing & paying side hustle taxes is obligatory. This goes for gig workers, part-time employers, independent contractors, & sole proprietors.
What is a Tariff? Understanding Their Impact on Businesses
Understanding what a tariff is helps explain how it affects trade and the economy and protects domestic industries by regulating imports.
Payroll Audit: A Step-by-Step Guide on How to Conduct It
A payroll audit is a thorough review of a company’s payroll records and processes to ensure that all wages and taxes are paid properly.
Payroll Reconciliation: A Full Guide for Small Businesses
Payroll reconciliation is the process of comparing payroll records with the actual payments given to employees to prevent discrepancies.
Landscaping Invoice: Key Elements, Template & Best Practices
A landscaping invoice is a financial record of the services that a contractor or landscaping company provides to a client.
Payroll Security: 7 Best Practices to Protect Sensitive Data
Payroll security refers to the rules and practices implemented to protect a company’s payroll data from unauthorized access.
Interim Invoice: What It Is, How It Works, and When to Use It
An interim invoice is an official billing document used to request partial payment from a client before any service is provided on a project.
Pay Disputes: Why They Happen and How to Resolve Them
A pay dispute is a legal disagreement between an employer and an employee over issues with the payment received for a service.
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.
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.
