What Is Self-Employment Tax?
Self-employed individuals are subject to different challenges when it comes to taxes. Staying diligent and keeping accurate records can go a long way in easing the frustration.
Almost 82 million Americans have experienced an issue when being paid.
The U.S. Bureau of Labor Statistics estimates 152.08 million people are employed in America – as of January 2017. A study conducted by the Workforce Institute at Kronos reveals around 82 million of these gainfully employed citizens have experienced some type of error with a paycheck. Issues such as technology (or lack of), or employers failing to comply with federal laws, and employees simply missing a punch are factors behind the staggering number. For those living paycheck to paycheck, around 58% of Workforce’s survey respondents, this can cause serious headache. As unemployment lowers, employers are trying to retain employees more than ever - paying them their correct wages and making sure their employees understand their paystub are integral. What else did the survey reveal about paycheck errors? Here are some main takeaways:
Other interesting facts:
Have you ever experienced a paycheck issue?
Self-employed individuals are subject to different challenges when it comes to taxes. Staying diligent and keeping accurate records can go a long way in easing the frustration.
Are you starting a new business? Have you thought about where you would like to start a business? Learn more about the best small cities to start a business.
Your filing status is perhaps the most important piece of information when it comes to tax withholding. Learn which filing status applies to you.