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Description:
There's little doubt that paying employees through direct deposit saves most companies money and hassles in the form of lower check writing fees, fewer lost or stolen checks and no stop payment charges. Major savings are realized because employees stop taking time off to go to the bank. As more employees sign up for direct deposit, the savings grow. But some employees are still suspicious of the process. How can you encourage staff members to participate? Here are some practical solutions.
History/Notes:
Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.