A completely paperless payroll--is it possible? ...yes!Sponsored by Creative Solutions Virtually every professional publication, trade show, and industry consultant is touting touting the making of personal representations by a veterinarian to persons who are not clients in an attempt to solicit their business. the benefits of going paperless, including dramatic increases in productivity and significant cost savings. However, for accounting firms offering client payroll services, going paperless is a concept that may seem impractical im·prac·ti·cal adj. 1. Unwise to implement or maintain in practice: Refloating the sunken ship proved impractical because of the great expense. 2. or unattainable. The truth is ... it's it's 1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have not only possible, but has already been implemented in several progressive firms. Firms operating in a paperless environment have a significant competitive advantage over their paper-shuffling colleagues. Clients receive faster, more convenient services, while the firm eliminates the cost of filing, storage, postage POSTAGE. The money charged by law for carrying letters, packets and documents by mail. By act of congress of March 3, 1851, Minot's Statute at Large, U. S. 587, it is enacted as follows: 2.-Sec. 1. , and courier A monospaced typeface originating from the typewriter that is commonly used for letters. It is still considered by many to be the "appropriate" typeface for business correspondence. services. And with instant access to client information, firm productivity increases significantly. In the paperless world your client's employees enter their time online. The payroll administrator collects and approves time electronically and then submits payroll information to you online, using private portal technology. The data transfers seamlessly into your payroll software and is calculated and processed. Not only is this process more convenient for your client, but you have also eliminated manual data entry for your firm. Employees are paid via direct deposit, with paycards available for unbanked employees. Employees can view electronic copies of their pay stubs stubs The shares of equity in a firm that is financed almost completely with debt. Stubs are often created when firms go through a leveraged buyout or pay big cash dividends in order to fend off a takeover. , W-2s, and W-4s online through private, secure portals--eliminating the need to print paper pay stubs. Again, this translates into increased convenience for the client and their employees and lower costs for the accountant. Electronic filing of the quarterly payroll taxes Payroll Tax Tax an employer withholds and/or pays on behalf of their employees based on the wage or salary of the employee. In most countries, including the U.S., both state and federal authorities collect some form of payroll tax. is the final step of the paperless payroll. This technology is available and affordable for firms of all sizes. In fact, dozens of Creative Solutions customers and their clients are already enjoying the benefits of a completely paperless payroll--meaning better service for clients and increased productivity and lower costs for firms. The paperless payroll is not only possible, but is a win-win proposition. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion