We break down payroll’s complex terms from A to Z for easy understanding.

Independent contractors are self-employed individuals who typically provide services to a third party. Their work usually takes place at a site that is not owned or operated by their own

Income tax refers to a government-imposed tax on the earnings that individuals and businesses generate over the course of a year. Typically, employers are required to withhold federal income taxes

An income statement, also called a profit and loss (P&L) statement, summarizes a company’s revenues, costs, gross profit, expenses, taxes, and net profit over a specific timeframe, usually quarterly or