Practical and Helpful Tips:

January 19, 2019

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Important Information to Help you Get a Self-employed Pay Stub

Most people who are into formal employment are always looking forward to that opportunity where they will quit and get into self-employment. One thing that you must put in mind when going the self-employment route is to ensure you have clear income records especially when it comes to payment of taxes. It is true there are some services you may not be able to access unless you have physical proof of income. It is at such a point in time that you might want to consider getting a self-employed pay stub. Rest assured though that creating your pay stub is as easy as ABC as long as you know what to do and where to look for help. Here is some info. you will find very useful when it comes to self-employed pay stubs.

To set the record straight, getting a self-employed pay stub doesn’t necessarily take hours on end filling financial information in some bureaucratic agency. Let’s, however, look at the instances that may warrant the need for some self-employed pay stub. Most lending institutions, banks, credit card companies will definitely need physical proof of income to allow you to access this service that you want. In other words, there needs to be a physical proof that tabulates the information you have filled in the application forms. You will also need to have some tangible proof when filing your tax returns. There are details such as the W2s and 1099S that ought to be filled out accurately and depending on your industry; it may not be easy to get these details if you have no pay stub.

The good news comes in the form of companies that offer this service to self-employed people at a small fee. Luckily, the services are easily accessible on the internet, and it’s amazing to see just how many self-employed people out there are enjoying these services. You simply need to find a reliable website and follow the on-screen prompts, and you will have your pay stub generated in minutes.

Be advised though that these services are exclusive to people who work solo, not those with employees under them. If you do have employees, your best bet would be to opt for payroll services. Technically you could be self-employed, but the people working under you are not, so they also need their own paychecks for their own financial transactions. You can always consult your bank if they do offer payroll services, or even talk to professional bookkeepers and other accountants for the same. The beauty of dealing with these companies is they can even create and print out a pay stub for you even if you are the employer.

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