Paystubsnow Blog

Indirect taxes, sometimes referred to as hidden taxes, are a form of indirect tax compliance as they are taxes paid without the apparent knowledge of the taxpayer. Governments rely on both direct tax and indirect tax to generate revenue and sustain the economy, maintaining the tax foundation required for public ...

Living in income tax-free states is a common strategy for getting a lower tax bill and for reducing your personal income tax and federal income tax bills, especially when levying taxes can be higher in other states. As a result, there is a strong desire to move to states with ...

W-2 vs W-4 remains a long-standing debate among the working class when it comes to understanding tax forms. Astonishingly, according to the tax policy centre, fewer Americans owed no federal income tax in 2020, and the percentage is estimated to go higher. Whether you are an employer or employee, both tax ...

Self-employment tax is used to describe the federal income tax and social security and Medicare taxes that are paid by self-employed individuals.This is fairly more difficult than being a W2 employee, as you don't have an employer withholding money from your paycheck each month for federal income taxes, social security, ...

Tax season can be a daunting time for small business owners. It can be easy to feel overwhelmed between gathering all of your paperwork and trying to decipher complex tax laws. However, you can make the process much simpler and less stressful by preparing ahead of time. For small business owners, ...