Unless you get paid cash daily as a day laborer or something similar, you will get a paycheck. The check might be an old-fashioned paper check, although these are increasingly rare. More than likely, your pay will come via direct deposit or maybe a pay/debit card. Regardless of the form of payment, ...
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What Happens When You Receive an Incorrect W2?
An incorrect W2 can create serious problems for you. You may think that it is your employer’s problem but think again. If you have received an incorrect W2, there are actions that you must take to resolve the situation. If you have to create your own, a W2 generator can help.
What Is a W2?
Any ...
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W2 Scams and How to Avoid Them
The IRS and FBI have been warning business owners about W2 scams for years. Most of these scams come in the form of suspicious emails or phone calls. Learn about the most common W2 phishing and W2 fraud scams and how to avoid them in the following article. Don’t let fraudsters get the best of your ...
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Understanding FICA, Medicare, and Social Security Tax
Do you ever wonder where exactly the money that is deducted from your gross pay goes? It can seem like a huge chunk when your gross pay and net pay are $100 or more off. So where is this money that is being taken from your paycheck really going? Read on to understand the basics of FICA, Medicare, ...
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A Guide to the Basics of Freelancer Taxes
Running your own freelancing business, whether it be a side gig or full-time job, brings you a lot of freedom. Being your own boss, setting your own hours, selecting clients, and choosing what projects you want to pursue or pass is exciting. The 2019 Freelancing America survey states that 35% of the ...
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