{"id":12293,"date":"2019-03-26T23:00:18","date_gmt":"2019-03-26T17:30:18","guid":{"rendered":"https:\/\/golocalclassified.com\/article\/?p=12293"},"modified":"2019-03-26T23:00:28","modified_gmt":"2019-03-26T17:30:28","slug":"self-sufficiency-how-to-create-self-employment-pay-stubs","status":"publish","type":"post","link":"https:\/\/golocalclassified.com\/article\/self-sufficiency-how-to-create-self-employment-pay-stubs\/","title":{"rendered":"Self Sufficiency: How to Create Self-Employment Pay Stubs"},"content":{"rendered":"\n

Stick it to the\nMan. 10 million fellow entrepreneurs<\/a> have already\nditched their office-life. Self-employment is an attractive alternative\nfor those with a distaste for a cubicle. <\/p>\n\n\n\n

However, being your\nown boss isn’t easy. There’s a different Man that’ll hold you accountable —\nthe government. There are loopholes, regulations, and different licenses\nrequired for independent contractors. <\/p>\n\n\n\n

And the government has\none thing on its mind: your taxes. <\/p>\n\n\n\n

You’ll be making money\n(hopefully), and you have to pay the piper. That’s something you’ve always had\nJan in accounting do for you. But Jan doesn’t work at your company; in fact, no\naccountants do. <\/p>\n\n\n\n

Pay stubs are what you\nseek. You can generate them in-house or through a service. They’re how you’re\ngoing to pay yourself and maintain stringent tax regulations. <\/p>\n\n\n\n

So, don’t tax yourself\nwith researching too much. We’ve got the know-how on self-employment pay\nstubs. <\/p>\n\n\n\n

One for All, All for One<\/h3>\n\n\n\n

You’re a lone wolf,\nthrough and through. You don’t need any help with your taxes or\npayroll.  <\/p>\n\n\n\n

First thing’s first.\nConsult with the IRS tax compliance<\/a> to calculate\nyour withholding amounts. It changes yearly, so if you’ve stumbled across this\nblog in the future, a general percentage won’t do you any good. <\/p>\n\n\n\n

Next, embrace your\ncreativity.<\/p>\n\n\n\n

There are\ndifferent payroll stub philosophies. They range from Excel spreadsheets to\nofficial letterhead. We suggest a paycheck stub creator<\/a> for its ease of\nuse. <\/p>\n\n\n\n

Each school of thought\naccomplishes the same goal. The pay stub is a snippet of an employee’s\nearnings, minus their deductions. Don’t over complicate it. <\/p>\n\n\n\n

A consistent record of\npay stubs and an official W-2 proves your constant employment. Proof of\nemployment is an asset. It’s needed for loan agreements and credit requests\nthat require a sign of good risk. <\/p>\n\n\n\n

Banks won’t lend money\nto someone that has no employment history. It’s a defaulting risk they’re\nunwilling to take. Use your tidy records to prove your healthy employment\nstatus. <\/p>\n\n\n\n

A Service for Self-Employment Pay Stubs<\/h3>\n\n\n\n

Clients and business\npartners jammed your email inbox. There’s a pile of unsigned papers on your\ndesk. And you just spilled your morning’s nectar (coffee) on your slacks. <\/p>\n\n\n\n

You’re busy!<\/p>\n\n\n\n

You’re too busy to be\ndoing payroll and <\/strong>managing a company. That’s understandable.\nAdmit to yourself that you need some help, and you’ll feel the pressure flee\nfrom your shoulders.<\/p>\n\n\n\n

There are specialized\nservices that externally do payroll accounting. Services create the stubs,\ncalculate the withholding, and distribute the checks. It’s a worthy investment\nfor the busy business owner. <\/p>\n\n\n\n

Reliable services\naren’t hard to find. Your bank’s business center is a one-stop resource for\nsmall businesses. They’ll have an affiliate program. <\/p>\n\n\n\n

If not, there are a\nmyriad of choices of online sources. <\/p>\n\n\n\n

But don’t just look at\nthe price tag of these services. Clarify with the provider if they’re bonded or\ninsured. Errors in payroll withholding can result in hefty government\npenalization. <\/p>\n\n\n\n

Having the IRS on your\nback is the last thing a small business needs. Especially one that has paid for\na quality service. <\/p>\n\n\n\n

We Hope You’ve Paid Attention and Your\nEmployees<\/h3>\n\n\n\n

Congratulations on\nbreaking away from corporate’s shackles. Leaving behind cubicle-mates and stale\ncafeteria coffee is a big leap. <\/p>\n\n\n\n

But with freedom comes\nlots of responsibility, including paying your employees and yourself. <\/p>\n\n\n\n

There are two avenues\nof self-employment pay stubs. You can create your own or pay for an accounting\nservice. <\/p>\n\n\n\n

Doing it yourself is free,\nbut it costs your time. Having a payroll service is less pressure on the boss\n(you!), but it does cost the business. \n\nWhichever you choose will\nbe the right choice. We’re glad you’ve paid attention to us, now go pay your\nemployees!\n\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"

Stick it to the Man. 10 million fellow entrepreneurs have already ditched their office-life. Self-employment is an attractive alternative for those with a distaste for a cubicle.  However, being your own boss isn’t easy. There’s a different Man that’ll hold you accountable — the government. There are loopholes, regulations, and different licenses required for independent contractors.  And the […]<\/p>\n","protected":false},"author":1,"featured_media":12294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/golocalclassified.com\/article\/wp-json\/wp\/v2\/posts\/12293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/golocalclassified.com\/article\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/golocalclassified.com\/article\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/golocalclassified.com\/article\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/golocalclassified.com\/article\/wp-json\/wp\/v2\/comments?post=12293"}],"version-history":[{"count":0,"href":"https:\/\/golocalclassified.com\/article\/wp-json\/wp\/v2\/posts\/12293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/golocalclassified.com\/article\/wp-json\/wp\/v2\/media\/12294"}],"wp:attachment":[{"href":"https:\/\/golocalclassified.com\/article\/wp-json\/wp\/v2\/media?parent=12293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/golocalclassified.com\/article\/wp-json\/wp\/v2\/categories?post=12293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/golocalclassified.com\/article\/wp-json\/wp\/v2\/tags?post=12293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}