What Is Gross Pay?
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…
How To Estimate AGI (Adjusted Gross Income) – And How It Impacts Your Taxes
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 –…
61 Ways to Save Money in a Small Business
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…
How to Show Proof of Income Without Pay Stubs
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…
It’s Tax Season – When Should I Get My W2?
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…
How To Fill Out a 1099-NEC
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…
How Many Pay Periods in a Year: 2020 Leap Year – Check Stub Maker
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…
YTD Meaning for Individuals and Small Businesses
YTD means “Year To Date.” It simply means “everything from the beginning of this year until now”, and can be found on all kinds of financial documents — whether it’s an official pay stub or a company revenue report. YTD…
What to Do About a Lost W-2?
It’s tax season. April 15th, the deadline for submitting individual tax returns, is around the corner. And while you can submit right up until the deadline, there are a few documents you should be collecting. School documents, business receipts, charitable…
How To Organize Paperwork
Running a small business today holds plenty of excitement for those who prefer a fast-paced environment, but there can be a few downsides for those owners who have not thought through the processes they need to keep their business functioning…
