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What is Form 8832 and How Do I File it?

  • November 13, 2020
  • Blog

If your LLC is looking to change your default tax classification, then the IRS requires you to fill out a Form 8832. Here’s everything you need to know about Form 8832 instructions and where to file a Form 8832. What…

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W4 vs W2: The Differences, Similarities, and Fast Facts

  • November 13, 2020
  • Blog

What is the difference between a W2 and a W4?  IRS Forms W4 and W2 both have to do with employers paying their employees, but they’re very different in function.  Tax form W2 is used to record all the wages…

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What Is Miscellaneous Income?

  • September 3, 2020
  • Blog

If you don’t work a typical nine to five, tax season can get complicated. Whether you’re self employed or just running an Etsy shop on the side, it’s difficult to know what needs to be reported on your taxes and…

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What Is Gross Pay?

  • June 4, 2020
  • Blog

Gross pay is a fundamental concept in the US tax system. It’s simple to understand at a high level but has some finer points that can confuse the unwary tax filer. Read on to become an expert in what gross…

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How To Estimate AGI (Adjusted Gross Income) – And How It Impacts Your Taxes

  • May 28, 2020
  • Blog

Knowing how to figure out your AGI or adjusted gross income is a key step in calculating your tax liability for a given tax year. There are several common misconceptions when a non-tax-professional is learning how to calculate AGI –…

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61 Ways to Save Money in a Small Business

  • May 27, 2020
  • Blog

Saving money in a business is often a chief concern of small business owners. Maybe cash is tight and you’re looking to extend your runway. Maybe things are fine and you’re just looking for creative ways to tighten up your…

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How to Show Proof of Income Without Pay Stubs

  • May 27, 2020
  • Blog

What Is Proof of Income? Proof of income is documentation verifying the amount of income you receive regularly or have received recently. It’s used by lenders and landlords to make sure that people entering credit contracts and lending agreements can…

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It’s Tax Season – When Should I Get My W2?

  • May 13, 2020
  • Blog

There are a select few people (mostly those who are expecting a tax refund) that submit their tax returns as early as possible. While the rest of us wait for the last minute panic in mid-April (the usual deadline to…

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Guide to Creating a 1099 Pay Stub

  • April 17, 2020
  • Blog

And Why You Won’t Use a 1099-MISC in 2020 As a small business owner, it’s not uncommon to hire out work to a third party. When these third parties are independent contractors, and you pay them $600 or more for…

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How Many Pay Periods in a Year: 2020 Leap Year – Check Stub Maker

  • April 17, 2020
  • Blog

Pay periods. They’re a crucial part of your payroll, and sometimes the thing that keeps your employees going from one day to the next. A lot depends on accurate and consistent payroll — the obvious accounting duties, taxes for both…

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