Paystubsnow Blog

If you recently transitioned from a job to being an independent contractor—congratulations on taking the big leap! Being your own boss undeniably offers a sense of freedom and control, which can be rewarding for individuals who thrive in independent roles. But with this newfound freedom comes the responsibility of handling ...

For individuals who are paid in cash, showing proof of income can be challenging, but it's still a necessity. With the right strategies and tools, the complexities of this process can be navigated with ease, and a self-employed person can effectively document and verify their earnings. In this article, we’ll ...

Have you ever wondered what happens if you fail to issue those pesky 1099 forms for your contractors? Many business owners are unsure of the IRS requirements and the legal repercussions of failing to do so on time.  In this article, we'll break down the penalties for not issuing 1099s ...

Reporting cash income might seem like a task and a half, but understanding your legal obligations is crucial to staying out of hot water. In this blog post, we will break down everything you need to know about documenting cash income, from IRS guidelines to practical tips for tracking your ...

Starting a new business can be both exciting and challenging, and dealing with taxes can sometimes feel overwhelming. That's why we have put together a beginner-friendly tax guide to help you with tax reporting in 2024.  This comprehensive guide offers step-by-step instructions for tax preparation and filing, ensuring you maintain ...