Why Switch to Paperless Payroll?
Making your business more environmentally friendly obviously helps reduce your carbon footprint, and saving the environment makes a positive impact. Just think about the amount of paper your business uses on a daily basis; much of it coming from processing payroll, filing taxes, and filling out government forms. Now imagine how much paper could be saved by running a paperless payroll system.
By saving paper, you also save time. Whether you run a small business and tackle payroll yourself, or a large corporation with an accounting department, managing payroll and all the paperwork that comes with it is a tedious, time-consuming task that takes away from the enjoyment of business ownership. Running your payroll manually is also a complicated, error-prone process. One third of small businesses get fined each year as a result of incorrect filing/paying of taxes.
If that’s not a good enough of a reason to make the switch, then take a look at the following benefits to both your business and your employees. I think you’ll agree that replacing your printed cheques with direct deposits to pay your employees is the best way for your business to operate. A paperless payroll system is more than just environmentally friendly; it is a more secure, reliable, convenient, and affordable way to pay your employees.
Benefits to Employers:
Benefits to Employees:
Before you switch to paperless payroll, make sure you find a provider that will make the transition an easy one. Be wary of providers that only offer Paperless Payroll services, as they can be extremely costly. Opt instead for a company that specializes in EFT/ACH processing to ensure you get the best rates possible.
Start moving your business towards becoming paperless by choosing The Processing Group to process your employees’ wages. All you need is your employees’ direct deposit information (bank account and routing numbers). We will help you do the rest.