| When you run a small business with a small crew | | | | lines for federal income taxes, state and local |
| of employees it can be tempting to write them a | | | | income taxes as well as both social security and |
| paycheck directly from your business account and | | | | Medicare deductions. Some areas have other |
| leave it at that. Today that is no longer an option | | | | taxes that have to be taken out; leaving you a |
| as most employees demand some form of pay | | | | line for net pay after all deductions have been |
| stub. Their pay slip or stub is the only way they | | | | met. |
| have of tracking their weekly income to make | | | | Where do I find a Template to Help Me Out? |
| sure that they are getting paid properly. It is also | | | | There are many different resources that you can |
| the only way that you can show how much they | | | | use to find the right template for creating a pay |
| are paying out in taxes. In order to create the | | | | stub for your employees. You can find examples |
| most efficient stub you will need to use some | | | | in libraries that can give you an idea of what you |
| form of template. | | | | need, but this may work as you will have to |
| What Must be Included on a Pay Stub? | | | | create your own stub template when you get |
| The laws may vary from place to place but in | | | | back from the library. The best place to find a |
| general the template you choose for your | | | | selection of different templates is the Internet. |
| employee's pay stub must include several pieces | | | | With a little research, you will find that there are |
| of information. It must show how many hours | | | | sites that offer a wide variety of different styles |
| they have worked in the pay period and should | | | | of templates designed to cater to your needs. |
| divide them into regular hours and overtime hours. | | | | You will find that many of these sites offer a pay |
| It should also show the pay rate for each type of | | | | stub that is designed not only for your type of |
| working hour. There should be a line that will allow | | | | business, but for the state your business is |
| you to enter their total gross pay for the period. | | | | located in. This means that all of the necessary |
| The rest of their pay stub is going to be | | | | lines for taxes and miscellaneous deductions will be |
| dedicated to showing deductions that are taken | | | | there. You will also be able to find a template for |
| including those that are taken before taxes and | | | | a pay stub that will integrate with most of the |
| those that are taken after and including taxes. For | | | | more commonly used accounting programs. This |
| the typical American worker who has a company | | | | way your new pays stub design will integrate |
| shared insurance plan, these costs are deducted | | | | seamlessly into the software you are already |
| before taxes as well as certain medical and | | | | using making the job of paying your employees |
| educational savings plans. Then there needs to be | | | | that much easier. |