- Feb 8, 2023
5 Ways a PayStub Generator Helps the Self-Employed
A self-employed worker has a wide range of duties to do. It’s not unusual to feel like you can’t handle everything. It’s stressful to have to worry about whether or not you’ve remembered everything or how to finish a task.
If you’ve ever felt overwhelmed by the thought of creating pay stubs by hand, using a trustworthy check stubs generator is a great way to reduce that anxiety. It streamlines the processes that were previously involved in generating pay stubs. Use the quick and easy paycheck calculation.
Read on for some of the many ways in which the self-employed can benefit from Stubbuilder’s check stubs generator.
Ways a PayStub Generator
A Wage Statement Is Necessary for You
A paycheck stub is crucial in so many ways. A pay stub is evidence of financial stability, which is a major factor. Loan applications submitted to financial institutions must include this. It’s a legal requirement that this data be included on your contractors’ tax returns as well.
To make your student loan payments on an income-based plan, you’ll need to provide proof of your income. For those who do their own payroll, being able to generate a legitimate paycheck is a major confidence booster.
Making a pay stub is simple with the help of a check stubs maker online. Paychecks can be personalized, then downloaded, printed, or emailed to workers and independent contractors.
Resolve Pay Stub Issues
You can trust that Stubbuilder will precisely calculate all of your federal, state, and social security medicare withholdings. You can put away your calculator because we’ve got this covered. The pay stub can be modified to include the appropriate information for your business, such as overtime, bonuses, and tips.
It’s Simple to Keep Tabs on Year-to-Date Revenue
It is crucial that you keep tabs on your yearly earnings. This data is essential for both accounting purposes and future planning. You now have a straightforward method of determining your true after-tax earnings.
Simple and Convenient Recordkeeping
After you’ve done your first pay stub, the rest will go quickly. Any future pay stubs generated from your account will just require a few bits of information to be updated. Keeping track of your earnings does not necessitate the services of a bookkeeper or the purchase of expensive accounting software. When you log into your Stubbuilder account, you’ll be able to access all of your check stubs free.
Simplify Year-End Taxes
There are many IRS filing and payment deadlines at year’s end. When it’s time to fill out your W-2 and/or 1099 Forms, you’ll be glad you made yourself some pay stubs. The Internal Revenue Service or the Social Security Administration will require that you reveal your yearly earnings and tax payments in full and accurate detail.
With our check stubs maker free, you no longer have to estimate your tax withholdings. Our check stub generator uses state-specific calculations to estimate tax withholdings, eliminating the possibility of human error.
It is clear that if you are processing your own payroll, you will need professional paystubs. These not only serve as a record of your income but also of the taxes that were deducted from your pay.
Try using a check stub generator template if you’re sick of completing lengthy pay stubs by hand and are worried about making mistakes. You can save money and time by using this method of planning. Stubbuilder gives self-employed individuals more flexibility by allowing them to make their own paychecks.
Related Article: Are Real Check Stub Generators Necessary For Business Owners