Paper or Plastic?

A new Kansas law could lead to the elimination of paychecks—paper ones, anyway. The state’s employers can now require employees to receive their pay either by direct deposit or pay card.

And it could save businesses a lot of money.

While most states still require that employees have the option to receive paper paychecks, more than 70% of Americans participate in direct deposit.

What about workers who don’t have bank accounts?

According to a study by the Federal Reserve Bank of Philadelphia, pay cards are one of the least expensive ways to receive wages. They act like debit cards for wages and can provide the cost savings and convenience of electronic payments even for employees who don’t have bank accounts.

The most expensive way to pay wages? Paper checks.

Source: American Payroll Association,


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.