Find some Sample Payroll Check Stubs on the Net for Easy Reference
 by: Sara Jenkins

Starting a business? For many people, the bravery to venture out on your own is the ultimate dream, you’re your own boss, you make your own time, and your dreams of making it big in the independent business lives on. But don’t forget there are many responsibilities. As the business grows so is the need for manpower. This means salaries to pay and records to make and keep. Maintaining a pleasant working condition is imperative, and nothing makes a disgruntled employee than a spotty payroll check stub. Everyone wants fair compensation and as the owner of the company or at least the accountant, you want to make sure that this followed to the T. Salaries may be given depending on the preference of the company or to the nature of the business. Some provide salary schemes as bi-monthly, monthly or quarterly (every week).

There are now many ways to pay the salary of the employees. Some prefer the old fashioned way of procuring checks while some want to electronically deposit the wages to the bank accounts, which is fast becoming the popular medium these days. This is called direct deposit, usually employees are provided direct deposit advices to inform them of the deposit made to their accounts which pertain to their salary and details behind them. This is what can be used as a payroll check stub. They are usually delivered a day before the salary day. So that the employees can get a hold of them on pay day and scrutinize them. Even if you use other method of compensating your employees, it is imperative that you provide them a payroll check stub to clarify everything that leads to their salaries.

Payroll check stubs are the slip of paper provided to the employee on salary day which details all the information about the salary the employee is about to receive. There they will see all the information they will need to know about their wages. Like for example, their rate, their hours worked, their salary rates, the deductions made like taxes, medicare, insurance, loans, social security and all the other deductions made. With a payroll check stub, every thing is cleared eliminating or minimizing the possibility of confusion and complaints.

For some people, making and recording payroll check stubs is an arduous and grueling task, especially if you don’t have an experience with it. But for every growing business this is a necessity. Take the time to learn it to keep your company blemish free and your record straight. You don’t want to have trouble with the government because of faulty records and flawed tax payments.

The good news is, the internet is a plethora of information which can provide you with sample payroll check stubs. You can analyze the sample paycheck stubs they provide and study it for the benefit of your business. The sample payroll check stubs can be downloaded and copied. With those sample payroll check stubs you can produce and design your own and make your business clear and concise with the records. These sample payroll check stubs will make life easier for you and your business. Providing yourself with a sample payroll check stub will enhance your knowledge about that process, there are also many sample payroll check stubs software available that can help you with your salary accounting. Invest in sample payroll check stubs and you will see the fruits of that action blossom for your business and you.

About The Author

Online entrepreneur Sara Jenkins, is dedicated to helping others and their needs to succeed in life by offering free payroll tips everyday. To learn more about her free payroll program, and to sign up for her FREE Payroll articles and FREE bonus how-to books and resources, visit www.PayrollXpert.com.

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Hey Readers! I’ve been comin across some crazy stuff the past few days from a few different blogs around the web which I just had to share with you. Check em out below…

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The New York State Agency that oversees the collection and reporting of State income taxes deducted from payroll checks is:

Department of Taxation and Finance

New York State Income Tax Bureau

W.A. Harriman Campus

Albany, NY 12227-0125

(800) 225-5829 (in state)

http://www.tax.state.ny.us/

New York requires that you use New York form “IT-2104, Employee’s Withholding Allowance Certificate” or a Federal W-4 Form for New York State Income Tax Withholding.

Not all states allow salary reductions made under Section 125 cafeteria plans or 401(k) to be treated in the same manner as the IRS code allows. In New York cafeteria plans are not taxable for income tax calculation; taxable for unemployment insurance purposes. 401(k) plan deferrals are not taxable for income taxes; taxable for unemployment purposes.

In New York supplemental wages are taxed at an 8.2% flat rate.

W-2s are not required to be sent in New York.

The New York State Unemployment Insurance Agency is:

Division of Unemployment Insurance

State Campus, Bldg. 12

Albany, NY 12240

(518) 457-2635

http://www.labor.state.ny.us/business_ny/unemployment_insurance/unemployment_insurance.html

The State of New York taxable wage base for unemployment purposes is wages up to $8,500.00.

New York requires Magnetic media reporting of quarterly wage reporting if the employer has at least 250 employees that they are reporting that quarter.

Unemployment records must be retained in New York for a minimum period of three years. This information generally includes: name; social security number; dates of hire, rehire and termination; wages by period; payroll pay periods and pay dates; date and circumstances of termination.

The New York State Agency charged with enforcing the state wage and hour laws is:

Department of Labor

Division of Labor Standards

State Office Bldg. Campus

Building 12, Rm. 532

Albany, NY 12240

(518) 457-4321

http://www.labor.state.ny.us/

The minimum wage in New York is $5.15 per hour.

The general provision in New York concerning paying overtime in a non-FLSA covered employer is one and one half times regular rate after 40-hour week.

New York State new hire reporting requirements are that every employer must report every new hire and rehire. The employer must report the federally required elements of:

Employee’s name

Employee’s address

Employee’s social security number

Employer’s name

Employers address

Employer’s Federal Employer Identification Number (EIN)

This information must be reported within 20 days of the hiring or rehiring.

The information can be sent as a W4 or equivalent by mail, fax or electronically.

There is a $20.00 penalty for a late report and $450 for conspiracy in New York.

The New York new hire-reporting agency can be reached at 800-972-1233 or 800-225-5829 or on the web at www.tax.state.ny.us/wt/newhire.htm

New York does not allow compulsory direct deposit

New York requires the following information on an employee’s pay stub:

Gross and Net Earnings

explanation of wage computation if requested

itemized deductions

New York requires that employee be paid no less often than semimonthly; weekly for manual workers (semimonthly if commissioner of labor agrees); less frequently for FLSA-exempt employees paid over $600 a week.

New York requires that the lag time between the end of the pay period and the payment of wages to the employee not exceed seven days for manual workers.

New York payroll law requires that involuntarily terminated employees must be paid their final pay by next regular payday (by mail if employee requests) and that voluntarily terminated employees must be paid their final pay by the next regular payday or by mail if employee requests it.

Deceased employee’s wages of $30,000 must be paid within 30 days of death to the designated beneficiary or surviving spouse; $15,000 within 31 days to 6 months to the surviving spouse, adult children, parent, sibling, niece or nephew, creditor, or person paying funeral expenses (in that order); $5,000 if more than 6 months after death to distributee, creditor, or funeral expenses.

Escheat laws in New York require that unclaimed wages be paid over to the state after three years.

The employer is further required in New York to keep a record of the wages abandoned and turned over to the state for a period of 5 years (after Dec. 31 of year report is filed).

New York payroll law mandates no more than $1.85 may be used as a tip credit.

In New York the payroll laws covering mandatory rest or meal breaks are only that all employees must have 30 minutes for noon meal from 11 a.m.- 2 p.m. (60 in factory); another 20 minutes from 5 p.m.-7 p.m. if shift starts before 11 a.m. and goes after 7 p.m.; 45 minutes during shift of at least 6 hours starting between 1 p.m. and 6 a.m. (60 in factory).

New York statute requires that wage and hour records be kept for a period of not less than six years. These records will normally consist of at least the information required under FLSA.

The New York agency charged with enforcing Child Support Orders and laws is:

Division of Child Support Enforcement

New York State Department of Family Assistance

40 N. Pearl St.

Albany, NY 12243

(518) 474-9081

https://newyorkchildsupport.com/home.html

New York has the following provisions for child support deductions:

When to start Withholding? First pay period after 14 days from service.

When to send Payment? Within 7 days of Payday.

When to send Termination Notice? “Promptly”

Maximum Administrative Fee? no provision

Withholding Limits? Federal Rules under CCPA.

Please note that this article is not updated for changes that can and will happen from time to time.

About The Author

Charles J. Read, CPA has been in the payroll, accounting and tax business for 30 years, the last fifteen in private practice.

Mr. Read is the author of “How to Start a New Business.”

To find professional payroll service at a budget price go to http://www.PayrollonaBudget.com a paperless payroll company.

For a full service payroll bureau with CPA’s on staff visit http://www.CustomPayroll.com.

See an excerpt of Mr. Read’s interviews from William Shatners “Heartbeat of America” television show on the web sites linked above.

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If you’ve been keeping up with my blog posts lately you’ll know I’ve come to adding a few news posts from around the web on this subject. I’ve got a couple more today that are new and updated, so let me know what you think of em…

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Hope you enjoy the read as much as I did and please if you have something to say, use the comments form below to let everyone know your thoughts.

Have a great day!

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Back with more news for you today. It’s amazing how much good information there is on this stuff out there if you know where to look. Three in particular that I found really valuable were…

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Ok so 3 more posts today that I’ve dug up – I’m an information JUNKIE on this stuff lately. Give em a browse and let me know what ya reckon. They’re just from a few different sites I’ve been surfing lately that are generally good for information like this…

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Hope you enjoy the read as much as I did and please if you have something to say, use the comments form below to let everyone know your thoughts.

Have a great day!

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Is K force accounting services a hoax?

I am a freshman who was looking for a job for the summer and it is getting hard for me since im not getting hired. I put my resume online at monster.com and thats in and maybe filled in a couple of details. But first i got a call from Bankers Life and Casualty Company and i let it go to my voicemail. I listened to it and they wanted to offer me a job. So i'm thinking all im looking for is an internship for this summer only before i go to school. So i searched it found that most people thought it was a scam so im going to disregard that message. Then i got a message from kforce financial accounting services and they want to talk to me about my resume. Is this company a hoax to because i just finished my freshman year at bryant university and i didn't have more than a 3.2 gpa overall freshman year but i've had internships in accounting for the past three summers so i do have experience?

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