How to Get Pay Stubs as an Independent Contractor
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Independent contractors work with businesses while also working for themselves. This comes with pros like being able to create your own schedule and pick what jobs you want to do, but it can be frustrating when it comes to payment. Businesses often have no problems responding to an invoice with what they owe, but when being an employee is considered the standard, it can be difficult to use the invoices you receive as proof of income in situations where companies expect to see pay stubs. Some companies will choose to offer a pay stub for a contractor instead of using an invoice, but it’s not currently a requirement. Thankfully, you can use PayStubs 365 to get the check stubs you need when you need them.
Do Independent Contractors Receive Pay Stubs?
Typically, there are no pay stubs for independent contractors because they are self-employed, instead of being employees of the company paying them. Instead of collecting a regular paycheck, independent contractors issue invoices and are paid directly by the company they did work for, without any money being taken out for taxes. At the end of the year, contractors will be issued a 1099, rather than a W-2, from each company they worked for.
Do Contractors Need Pay Stubs?
While a pay stub for contract labor is not always necessary, there are situations where you’ll wish you had them. When independent contractors are trying to rent an apartment or get a loan to buy a car or a house, the bank or rental company will often want to see proof of regular income, and they usually won’t accept invoices or 1099 forms for this purpose. You may also wish that you had a contractor pay stub when you’re figuring out your taxes: Since contractors don’t have employers to withhold taxes for them, you’ll need to calculate how much you owe on your own, and being able to flip through a stack of accurate check stubs can be really helpful for this task.
How Do I Create a Pay Stub for a Contractor?
It’s easy to create a pay stub for an independent contractor with PayStubs 365! With our online check stub generator, you can create pay stubs for contractors to use as proof of regular income in just minutes. All you need to do is choose a template and fill in the necessary information, then preview your pay stub, check out, and download and print your document. You can also buy multiple pay stubs at once to cover a range of pay periods. Either way, PayStubs 365 makes it simple to get the documentation you need. Try it today: Your satisfaction is guaranteed!
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How Do You Get Started?
Our pay stub generator is easy to use:
1. Select from one of our four templates.
2. Fill in the blanks with the information required.
3. Preview your pay stub, pay, and print.