Plastic paychecks save on payroll processing

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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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