Category: Salary

Social Security login: How to activate it?

Social Security login is a really big deal for a lot of folks here in the US. It’s the program that helps out millions of people, from those who’ve retired and folks with disabilities to families who’ve lost a loved one. Because it’s so important, being able to easily and safely check your Social Security […]

401k: How does it work?

Retirement funds are the key to retirement security and independence during the later years of a citizen. While many vehicles are utilized in retirement planning, the 401k plan stands as the most popular and effective vehicle. 401k is a retirement plan sponsored by the company that allows its workers to delay a segment of salary […]

Daily pay: How does it work?

Ever since then, the American wage cycle has strictly followed a formal cycle—a weekly or fortnightly or even a month cycle instead of daily pay. Though productive in operation, such cycles make the workers wait for wages, something that doesn’t help them as far as meeting unexpected expenses are concerned. Welcome to instant pay, a […]

EFTPS: Is it mandatory?

In any business that’s paying attention, tax management isn’t just another compliance checkbox — it’s part of the daily grind. From withholding payroll taxes to managing quarterly estimates, staying in line with the IRS is just something that needs to happen. And when it doesn’t? Things get messy fast. Late fees creep in, interest adds […]

W-9: What is it used for?

Both contractors and companies are required to report taxes appropriately. Failing to report or incorrect reporting or record falsification will result in compliance problems, tax audit, and penalty. One of the necessary documents used in this process is the W-9. More formally known as a “Request for Taxpayer Identification Number and Certification,” this is what […]

1099 form: What is it used for?

Precise reporting from independent contractors and companies is highly necessary to prevent penalties and ensure compliance by the IRS. The most common way of doing this is in the use of the 1099 form. 1099 is the form filed by the entrepreneur while paying a contractor, vendor, or freelancer. It is not withholding like with […]

FEIN: What is it? Why is it important to your business?

Correct tax identification ranks among the very first and most critical things to do while initiating business in the United States. Through all the registrations and paperwork that businesspeople have to go through, the Federal Employer Identification Number also known as FEIN is at the core of it all. The identifier aids the IRS and […]

FUTA: What is it? How does it work?

Unemployment insurance is an essential endeavor in America where it is utilized to provide temporary monetary assistance to employees who are out of work due to no fault of their own. FUTA, federally, aids in this. FUTA, along with state programs, offers an economic buffer for unemployed workers in millions. It is important that all […]

Gross income: How to calculate it?

To be able to prepare tax and personal finance, you would need to know income form as well as classification. United States’ gross income would provide the very first hard dollar amount upon which taxability of an individual’s income would rest. Your tax liability, as well as eligibility to claim credits and deductions, is calculated […]

Attrition: What is it?

Attrition refers to the natural reduction in a company’s workforce due to resignations, retirements, or terminations. While it’s a normal part of business, excessive attrition can significantly impact morale, productivity, and profitability. Managing it effectively through proactive HR strategies is essential to long-term success. Staff turnover is the business organisation’s worst nightmare because it leads […]