The majority of us should know by now the difference between an employee and a contractor. It will be a help in understanding the subject that is going to be tackled in this article. Because of current events that we’ve all been facing, many regular environment jobs have switched to the unconventional setting of working from home or remote work.
Due to hundreds to thousands of employees being transferred to work at home, several things also changed regarding work culture. Working overtime has been diminished, work consolidations are all done online, meetings are done virtually, and even salaries and wages are now done differently and are conducted through online transfers.
Because of all these changes, some practices are also bound to transform. One of those is keeping records of the income we earn and the taxes we report. If our entire nature of work has been transferred at home and is seemingly all done online now, should our manner of doing taxes be done similarly?
How can you do taxes online if you are a remote employee or a contractor? Simply no-hassle, it’s online payroll makers.
The Options For Remote Employees and Contractors
This section will brief you through the two (2) online generators that can help you either make a paystub as a remote employee or a 1099-MISC Form as a contractor. Take note of the details that you will have to provide to successfully complete the document that you need.
What is a pay stub?
If you are a remote worker or employee, having an online payroll maker will be a handy tool to utilize both for you and your employer. A pay stub is a document that will explain the amount you get on a paycheck. It is a comprehensive sheet of data regarding your salary, mostly attached to the paycheck upon payout.
Our online payroll maker contains all of the necessary information that the average pay stub carries. It reflects your regular salary rate, overtime, holidays, vacations taken, bonuses, and etc., within a single pay period.
What is a 1099-MISC Form?
For contractors to keep their earnings recorded for tax, a 1099-MISC Form is the proper document to file. Contractors earn differently from employees. For that reason, different tax documentation approaches are observed. Our online payroll maker’s generator for 1099-MISC Forms is a nifty tool to turn to.
Our online payroll maker’s generator for this type of tax report only takes a couple of minutes to fill and finish. It’s straightforward and clear to use. Filing your tax report with such a tool makes the experience less serious and more educational, whenever and wherever you do it online.
Details Needed For Your Paystub
The following are the details you will need to input onto our online payroll maker to make your paystub if you are a remote employee/worker. When encoding, make sure that you provide the different pieces of information as accurately as you can.
- How often are you paid?
- The weeks in range wherein you were hired
- Number of pay stubs needed
- Pay period (latest)
- Pay date
- Employer/Company Name, Street Address, City, State, Zip Code
- Employee (Your) Name, Street Address, City, State, Zip Code
- Regular rate/hour
- Overtime rate/hour
- Holiday rate/hour
- Vacation rate/hour
- Bonus rate/hour
- Float rate/hour
When you successfully gather all of these primary details, you’re now ready to make your paystub in ease. After observing a consecution of basic and easy-to-follow steps, you now have yourself your pay stub.
Details Needed For Your 1099-MISC Form
The following are the details you will need to input onto our online payroll maker’s generator to make your 1099 if you are a contractor. When encoding, make sure that you provide the different pieces of information as accurately as you can. Because this is a tax report, make sure you online encode information that is true and accurate.
- PAYERS’ Name, Street Address, City or Town State or Province, Country, ZIP or Foreign Postal Code, and Telephone No.
- PAYER’S TIN (Company EIN or Employee Identification Number)
- RECIPIENT’S Tin (Social Security)
- RECIPIENT’S Name, Street Address (including apt.no.), City or Town, State or Province, Country, and ZIP or Foreign Postal Code
When encoding these details onto the online payroll maker’s 1099 Form generator, make sure to observe attention to detail and accuracy at all times. Knowing that we’re handling a tax document, everything provided must always be true, correct, and updated.
After you provide all of the necessary details and three (3) quick steps, you are now ready to make your 1099 MISC Form.
