Paycheck stub, payslip, paystub – you may have heard all of these terms being used to describe the detailed outline of what your employee’s pay has been for each payment period.

As an employer, you need to understand what information needs to go on a paystub. By having an understanding of what a paystub is and what information it should include, you’ll be able to catch payroll errors officially. Plus, you’ll even be able to help employees understand the deductions and taxes that are being taken out of their checks if they come to you with any questions.

That’s why today, we’ve created a complete guide to help you better understand what pay stub is and what information it should include. Keep reading to learn more!

What Is a Pay Stub?

A pay stub is a portion of a paycheck that contains details of how to pay an employee is receiving. On a paystub, the wages will be itemized for the pay period, as well as how much they’ve earned a year to date.

Information on taxes and other types of deductions will also be shown on your paystub. A paystub also includes the net pay that an employee is receiving.

Paystubs can be provided via printed or electronic records. There are some states where there’s a legal requirement for you to provide pay stubs to your employees.

What Information Goes on a Paystub?

As an employer, you need to know what information you need to include on a paystub. Here’s all the information that you need to include on your paystub:

  • Dates of the pay.
  • Employee information, such as Social Security number, address, and then
  • Information of your business, such as your address and name
  • The rate that you’re paying your employee
  • Their earnings before taxes
  • Deductions that are taken out
  • State taxes
  • Any other type of local taxes the employee’s pay
  • Employee contributions
  • Productions
  • Net pay, which is how much the employees taking home from their paycheck after all deductions, contribution, and taxes have been taken out from their gross earnings

Understanding the information that you need to include on a paystub how to ensure that your business follows state requirements. If you’d like to learn more about how to create a paystub, check out www.paystubs.net.

What Are Pay Stubs Used for?

Your paystub is a useful tool to resolve any discrepancies between you and your employee about how much you’ve deducted it in taxes and how much money has been withheld for other deductions.

A pay stub is a record for employees to use to ensure that they are paid correctly for their work. It’s also a tool used to act as a proof of employment and income for your employees if they decide to apply for a loan.

If you don’t provide your employees with a physical check at the end of the pay period, a paystub can be sent out by your payroll department to let your employees know how much they’ve made during that pay period.

Understanding Pay Stubs

As the owner of a business, you don’t receive paystubs like the rest of your employees. However, understanding the information that should be included on a pay stub will ensure that your business is operating beneficially for your employees.

Are you interested in learning more about how paystubs can benefit your business? Check out our blog for more.

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3 IPOs to Watch in 2016 2 - Florida Independent
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3 IPOs to Watch in 2016

Whether you are curious about stock or any other form of financial trading or simply enjoy seeing a success of the startups – IPOs are a great to watch. Not only you get to learn how undervalued or overpriced a certain company was, but you also get to see a rapid development a company can achieve with the funds it raised.

We are entering the middle of 2016 and so far there has not been too many interesting IPOs. When looking at the financial industry, it is possible to highlight the listing of the largest Dutch bank – ABN Amro. Next to this, a few ECN currency brokers flipped an IPO this year.

X-Trade Brokers, just got listed roughly a month ago, which signified the largest initial public offering in Poland during the last 365 days. Also, a leading UK brokerage, CMC Markets, started listing its stocks in February this year. Nevertheless, this IPOs weren’t too exciting. There is much more to expect in the coming month from the tech sector.

The most promising

Airbnb, a company that lets everyone lend their house, flat or a room is expected to start issuing stocks this year and this is certainly the most interesting IPO to keep your eyes on. The reason for this is very simple – apart from nearly $25Bn valuation, Airbnb actually generates some significant revenues.

What also tells us that this IPO will be a successful one is the lack of legal issues behind the business processes. Even though some laws in Germany were prohibiting the usage of such peer-to-peer services, the whole legal framework behind Airbnb is rather favourable. In addition to this, there is quite a strong support for the shared economy nowadays and, hence, this company might be seen as the safe-haven investment.

The most interesting

Do you remember last time you used a landline for calling? Well, thanks to this company, quite soon you might not remember last time you ordered a taxi. Yes, you got it right, we are talking about Uber. Even though there is no certainty whether Uber will flip an IPO this year, it is quite probable.

What makes this IPO the most interesting one? The whole legal situation behind Uber. Clients love it for its pricing and simplicity. Taxi companies hate it. Without a doubt Uber is a successful company, yet its operations strongly depend on the legal decisions of the local authorities.

While strikes against Uber happen frequently, those are the local regulators that will have a final word in determining Uber’s success in terms of market coverage and, hence, revenues.

The most amusing

Without a doubt previous two companies are here to stay. Both of them offer quite an advanced technology that simplifies people’s lives and provide cost benefits. However, there is another company that looks for an IPO this year, and many investors are laughing about it.

We are talking about Snapchat, the company that allows millennials communicating with each other, sticking funny noses on their selfies, the company that struggles to produce hardly any revenues.

While some investors laugh about this IPO, others see it as a great opportunity. Snapchat may not look like a goldmine, but it certainly has some potential. The main question is whether investors will be patient enough to see Snapchat implementing powerful advertising solutions while sustaining the growth of its user base.

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