Tag: boss

by James Adam

Like a Boss: How to Create a Pay Stub for Your Employees


Business

If you run a small business and have to manage your employees accounting but don’t know how to create a pay stub, this post will show you how.

You have probably come across a pay stub, but do you know how to create one?

If you own or run a business, you’ll eventually need to hire employees. Those people want to get paid, and you need to know how to create a pay stub. Don’t worry, it’s easy with modern software once you know what you’re doing!

Keep reading for your quick guide to creating your own pay stubs for your employees.

What is a Pay Stub?

A paycheck isn’t just a check. It includes two parts, the check that the employee gives to a bank, and the stud that the employee keeps as a record.

One part is a piece of paper is deposited at the bank and traded for money. Employment pay stubs contain another part that is a sort of receipt that includes an itemized list of things that are being paid out.

You need to know how to create pay stubs for employees if you want to run a business. A financial advisor or a lawyer can help. There are some standard items on all pay stubs, gross wages, pay, taxes and with holdings.

Gross Wages

“Gross” means the number before deductions are taken out. It’s the amount of money the employer is paying out of his pocket total before any deductions or taxes are taken out.

Hours worked

If the employee is an hourly worker, the pay stub should include the total number of hours worked. Break down into the types of work performed, and if the work is overtime or regular wages. There is no independent contractor pay stub, just use the appropriate tax forms.

Pay Rate

The pay rate should be shown on the pay stub. Hourly workers should be shown the amount they are paid per hour. Salaried employees should be shown the amount due during the entire pay period.

Taxes, deductions, and Contributions

In the United States and many other countries, salaried employees get a rebate at the end of the year by the IRS [or whatever tax authority]. That’s because the employer must “deduct” the government’s take, and list it on the paystub. The money gets taken in advance before it’s paid to the employee.

Send this money to the IRS, and applied to the taxes due to the employee. Be sure you contact the proper tax authorities, and actually pay those taxes. Deducting an employee’s taxes and not actually paying them is about the fastest way to end your business there is, don’t do it!

How to Create a Pay Stub With Software

All modern accounting software either has a paystub generator included with it, or it has a plugin that can do it. It’s very easy to find a check stub maker template online for a pay stub. You can create a pay stub either using software or by using a template on the web.

You should definitely find a pre-maid solution instead of trying to create your own with a spreadsheet. A professional solution has already researched how to make pay stubs. Theirs will not only look better but will also prevent you from making a mistake.

It’s An Incredible Planet

Running a business can be hard, but it gets a lot easier when you know what you’re doing. You don’t have to know how to create a pay stub from scratch, just find the right software solution that outputs the right template. Then get back to doing what you do best: running your business!


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by Incredible Planet Staff

Negotiate And Land A Pay Raise In Eight Easy Steps


Business

Negotiating a pay raise can be an important step in your career. With a raise now, you improve your future earning potential, and you could save nearly $400,000 over the next 30 years if you invest your $5,000 raise in an account that earns a six percent return. Successfully negotiate and land your next raise when you take eight easy steps.

  1. Showcase your Performance

You may think you deserve more money, but you must prove your worth and value to the company before your boss will give you a raise. Provide data and details as you showcase your performance.

Start with a list of your measurable achievements. Have you landed a lucrative client or tackled a complicated video production project? Maybe you’ve mastered a new skill or earned an advanced degree that will benefit your company. Outline these achievements as you prove that you’re worthy of a raise.

Next, record significant contributions you’ve made to the team and the company. Have you maintained a good attitude during challenges, diffused a stressful situation, built relationships, or stepped into a leadership position without being asked? List any specific contributions like these to illustrate examples of when you went above and beyond the call of duty.

Now analyze your job responsibilities. If you’ve taken on extra duties or your job description has changed, ask for extra money to compensate for the extra time and effort you put in each day.

You’ll also want to share any praise you’ve received from your boss, coworkers or clients. Print emails or share details about the specific instances when you received verbal accolades for your performance, attitude or actions, proof that you add value to the company.

  1. Know the Numbers

Do your research to discover what your position is worth and calculate the exact raise you want before you meet with your boss. Talk with job recruiters, check out salary sites like Glassdoor or Payscale or talk with other employees in your industry to verify the going rate for your position.

  1. Focus on the Company

While you may want more money because your rent increased or you’re expecting twins, focus on how your raise will help the company rather than on your personal financial situation. Ensure your boss understands that your raise will equip you to continue to improve the company’s bottom line.

  1. Negotiate Perks

An increase in your pay rate is nice, but remember that you can also negotiate perks, especially if your boss feels reluctant to give you more money. Consider asking for extra vacation days, flexible time off, telecommute opportunities, tuition reimbursement, specialized training, or stock options. These perks could improve your morale, help you achieve work-life balance or open doors of opportunity.

  1. Prep your Boss

Talk to your boss in advance about your desire for a raise. With advance warning, your boss can review your performance and current salary and begin thinking about the ways you benefit the company.

  1. Schedule the Meeting

Avoid discussing a raise during a busy or slow season, after a financial slump, or before or after your boss’s vacation. Instead, choose a time when your boss is likely to feel relaxed or after you’ve created a stellar ad presentation or made a significant contribution to the company.

  1. Prepare for a No

Despite your best negotiations, your boss may refuse to give you more money. The way you handle this news can determine your future success, so be prepared to negotiate for perks or request to revisit the raise issue in six months. Additionally, ask your boss to identify performance achievements, move you to a different position with more responsibility or provide additional training that will qualify you for the raise you want. As a last resort, consider finding a different job where you can receive fair compensation or grow in both your career and paycheck.

  1. Remain Professional

Because negotiations can be challenging, do your best to remain calm, humble and relaxed. Stand firm in your accomplishments, but don’t be cocky, greedy or entitled. Also, don’t threaten to quit because empty threats could affect your job.

You can successfully negotiate a raise with these eight easy steps. They prepare you to ask for more money and receive the pay you deserve.

christin hume 309877
by Incredible Planet Staff

5 Must Have Apps To Make Life Easy For Freelancers


People

Working as a freelancer is about as tough as being an entrepreneur, but the best thing about it is being  your own boss and working for oneself. Being your own boss clearly means that you are solely responsible for each and everything happening with or around your business, so it does put some pressure on you.

Therefore, to make up your work more efficient and effective we have come up with some amazing apps which will definitely speed up the flow of your daily tasks as you need.

Check out the below listed Apps!

Dropbox Paper:

The best thing about working as freelance is you don’t have to follow up the same schedule every single day. You can work according to your time and wish. Isn’t it?

But many times you have to take regular visits to your clients for minimal things, therefore we’ve got dropbox paper for you. With the help of which you will be easily sharing your thoughts and ideas with your client under one touch.

You can easily keep your projects moving even if you cannot. And it is available totally free of cost which can also be used offline.

You can get the app on Google Play Store

AutoStamper Stamping App:

If you share and publicize your work online on web. Then your most important delimma and priority might be  protecting your work from getting copied, isn’t it ?

And if you are looking for one and quick fix solutions for the same, then we have got a multi-usage platform which can not only protect your photos from being copied or used without your permission but will also make wonders happen for your photography skills before your publish it.

With AutoStamper you can copyright your photographs in form of signature stamp and protect it from being copied and used without your permission.

You can get the app on Google Play Store

All Social Network:

Marketing plays a major role in each and every business, same it holds here. And with the growth in digital era we are more focused on social media marketing than traditional marketing, isn’t it ?

Therefore, we’ve come across this must have android app to make all your work go like a flow under one single roof. You can access all your social signals within single install and maintain your timely posting accordingly without any hassle of maintaining so many apps.

It is the easiest way to publish content on multiple channels faster and speedily all in one.

You can get the app on Google Play Store

To do List, Reminder and Calender:

The most needful App for every single person working as a freelancer is to do list app to accomplish every task they need to make up during a day.

Not only it offers the to do checklist but even with the help of this you can set your own reminder as per your requirement in form of daily, weekly as well as monthly. It also offers additional cutomizable timely reminder according to accurate date and time.

You can get the app on Google Play Store

All Email Provider:

Want to mail your project details to a client urgently? But unfortunately you donot have the mail app installed ? Now you may tend to hassle and open the broswer search for mail log your account and send it.

A lot of hassle to face, phew! But what if you already have your account logged with an app with just 3 steps it will go ! just tap, add and send. With All Email provider you can easily access all your mails, additionally You can even add your own email provider.

With more than 150 email providers, checking and sending mails becomes as simple as ABC!

You can get the app on Google Play Store

Summing up the above list as of now, using it in your daily work will definitely assist your work and make look like a pro!