Using Prepaid Credit Cards for Paying Employees, Clients, Affiliates and Publishers

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Globalization has changed the way we do business in the 21st century. Today, more and more companies have an international presence and it is often a challenge for businesses and organizations to find the most appropriate and economical method to pay their domestic and international employees/clients. Traditionally, payments were made by bank wires or checks, methods that took time and considerable handling fees. Also, in order to make a bank wire, it meant having to obtain sensitive bank details from recipients, something that many people are reluctant to hand over. The international Prepaid Credit Card Company, eCarteBlanche, allows businesses and organizations to send an international prepaid credit card directly to their employees/clients worldwide and pay them on the card itself. By doing so, it simplifies and eliminates all the check or transfer issues a company would usually have, including the extra costs associated with bank wires, checks and online payment wallet (e-wallet) systems. Also, it allows businesses and organizations to have the funds available immediately for their employees/clients. Once the money is sent to their cards, the recipients can either withdraw the money from almost any ATM - worldwide, or simply use the card for online or point-of-sale (POS) transactions.

eCarteBlanche Prepaid Credit Cards can also be used as payroll cards, as mentioned above, they offers businesses and organizations checkless bank accounts, where your employees/clients can access their money at almost any ATM - worldwide. They also help streamline the payroll process and eliminate existing administrative burdens and costs. By using these cards, businesses and organizations can save money and resources associated with payroll processing and distribution costs while employees/clients benefit from the peace of mind of knowing that their money is immediately, securely and accurately deposited onto their cards.

It's a faster, safer, cheaper and all-around better way to manage your payouts!

Benefits to Businesses and Organizations:

- Simplify all types of payouts
- Reduce volume of paychecks and check issuing costs
- Reduce check distribution and replacement costs
- Reduce bank wire costs
- Reduce fraud potential - no stolen or falsely cashed checks
- Reduce reconciliation expenses
- All employees/clients are eligible - no credit check necessary
- Ability to pay employees/clients without bank accounts, or those who prefer cash

Benefits to Employees/Clients/Affiliates/Publishers:

- Recipients' money is deposited immediately and automatically every payday even while on vacation or travelling
- Eliminates the need to cash paychecks at banks or pay fees
- No time spent picking up your paycheck
- No delays in receiving your funds
- No lost or stolen paychecks
- Access to funds 24/7 at thousands of ATMs around the world
- Gives you purchasing power anywhere major credit cards are accepted

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Online Payroll Processing - Benefits for Employees and Employers

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Years ago, the word payroll was associated with laborious work hour calculations done late into the night by hand to meet paycheck deadlines. Even then, HR and payroll personnel sometimes failed to get the job done by their deadline. As a result, employees had to wait extra days for their paycheck and whether they met their deadline or not, the manual processing often produced results that were inaccurate. The work place is far more efficient these days thanks to the arrival of online payroll processing software. In this article we'll discuss the benefits of online payroll for both employers and employees.

Problems associated with manual payroll are not just limited to time consumption only but it involves a great deal of money. An organization that employs 20 or more staff has to spend considerable revenue on the process by setting up payroll departments. Today,payroll processing companies have transformed the scenario with wages being paid in a timely fashion. Checks are a thing of the past with salaries being paid via online transactions, and employees can access their payroll tax information online anytime they want.

Perhaps the best feature provided by an online payroll processing service is that it can provide direct deposit facilities for employees' bank accounts. A worker no longer has to wait for the arrival of a check, then deposit it and wait again for it to be cleared. In fact, some payroll processing companies have taken it to a whole new level by introducing payroll debit cards. With this service, workers have access to the funds the very minute they are transferred.

If we take a look at what employers stand to gain from switching to online services, we find even more benefits. For example, employers do not need to dedicate a whole department to paying their employees on time. An online payroll processing service gets the job done quickly and error free. In addition, it can further assist employers in tasks like filing payroll tax information.

Some employers may be reluctant to switch to payroll processing companies with concerns over the security of their sensitive data. They can be rest assured that all of their payroll and tax data is completely secure and stored on servers with enhanced security features. Yet one more reason to take advantage of online payroll services - they can help save revenues and help employees get paid on time with no errors.

Paul is a professional writer, with a background of business and accounting. He is specialized in payroll processing and providing online payroll processing services in USA.

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Are You a Small Business Hiring Employees? Do It Right the First Time

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Are you a new business owner, a small business owner, or a solopreneur planning to hire employees? Perhaps you're all confused about where to begin? How much taxes should you withhold from their wages? What are you responsible for as an employer? Let me help you discover the fundamentals.

The three basic forms you need to have your new employees complete are:

* Federal Form W-4, so they can indicate their filing status and the number of exemptions they want withheld from their paycheck

* Form I-9 to verify their identity (be sure to keep a copy of their government or State issued ID on file) and

* Your respective State form W-4 (check with your state revenue department). For example, in New York, employees have to complete Form IT-2104 to indicate their filing status and the number of exemptions they want withheld at the State level.

Check with the Department of Labor in your state to find how to register as an Employer. Once registered you will be required to report all new hires. Find out if there are any additional requirements in regards to Unemployment Insurance, etc.

The standard taxes that should be withheld from each paycheck are:

* Federal Income Tax

* Social Security (for 2011 this rate is 4.2% of the first %106,800 of the employee's earnings). The employer portion is 6.2% and is payable every quarter.

* Medicare Tax (1.4% of the employees earnings. The employer portion is also 1.4% and is payable every quarter.

* State Income Tax

* Local Income Tax if it applies. For example, in NYC, employees are required to pay local income taxes.

* If it applies, you may also be required to withhold UI (Unemployment Insurance) and/or SDI (State Disability Insurance).

Quarterly Filings - file Federal Form 941 with the IRS and check with your State Department of Revenue to find out which forms you are required to file every quarter.

Annually - file Federal Form 940 with the IRS and file Federal Form W-2 and transmittal form W-3 with Social Security and be sure to issue your employee(s) their copies of form W-2 no later than January 31 of the following year.

It is important that you keep adequate records to remain in compliance with the IRS plus you will need this information at tax time. It would be to your advantage to set up an employee database.

Resources: You may want to download the IRS Employer's Tax Guide, Publication 15 from the IRS website.

You may also want to check into some web based payroll calculators like http://www.paycheckcity.com/ to help you with your calculations.

A veteran tax consultant and coach with over 20 years of experience under her belt, Ktasha Nicole Hardge is the owner, founder, and CEO of Hardge Connections, LLC. Hardge is a payroll service provider and small business specialist who educates her clients with her tax preparation expertise and tax compliance for mid- to high-income taxpayers and small business/home business owners Nationwide.

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