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Plastic paychecks save on payroll processing

by on
in Small Business Tax,Small Business Tax Deduction Strategies

Four million employees at more than 3,000 companies now collect plastic instead of paper on payday (a debit card look-alike that allows users to withdraw cash at ATMs or pay for goods at retail outlets).

Employers like the plastic paychecks because they save money on payroll processing. Downside: The cards are easy to lose and don't promote savings. Check with your bank to see if it offers a program. 

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