Direct deposit is the fast, easy and safe way to receive your tax refund. Whether you file electronically or on paper, direct deposit gives you access to your refund faster than a paper check.
Here are four reasons more than 80 million taxpayers chose direct deposit in 2012:
- Security. Every year the U.S. Postal Service returns thousands of paper checks to the IRS as undeliverable. Direct deposit eliminates the possibility of a lost, stolen or undeliverable refund check.
- Convenience. With direct deposit, the money goes directly into your bank account. You will not have to make a special trip to the bank to deposit the money yourself.
- Ease. It’s easy to choose direct deposit. When you are preparing your tax return, simply follow the instructions on the tax return or in the tax software. Make sure you enter the correct bank account and bank routing transit numbers.
- Options. You can deposit your refund into more than one account. With the split refund option, taxpayers can divide their refunds among as many as three checking or savings accounts and up to three different U.S. financial institutions. Use IRS Form 8888, Allocation of Refund (Including Savings Bond Purchases), to divide your refund. If you are designating part of your refund to pay your tax preparer, you should not use Form 8888. You should only deposit your refund directly into accounts that are in your own name, your spouse’s name or both if it’s a joint account.
Some banks require both spouses’ names on the account to deposit a tax refund from a joint return. Check with your bank for their direct deposit requirements.
With HR Strategies powerful integrated on-site support and personal service, clients can rest assured that the responsibilities of payroll have been handled completely and accurately, even in the most adverse conditions. In February 2011, a large portion of Georgia, and therefore Metro Atlanta, experienced heavy snow and extreme winter conditions which are unusual for the area. Metro Atlanta, including Duluth where HR Strategies is headquartered, is not used to extreme winter conditions and can easily have its roads and infrastructure crippled by large amounts of snow. The snow storm that affected Georgia in February of 2011 was dubbed “snowpocalypse”, and caused many school and business closings for several days. While employees may have enjoyed having a few extra days at home, they still needed to get their scheduled paychecks. Employers were already worried about loss of revenue from being closed for business, and the thought of having disgruntled employees from a delay in payroll was an added worry on their shoulders.
HR Strategies understood the need for client employees to be paid, and the need for the client to have one less business concern during the stress of an unforeseen circumstance prohibiting business and life “as usual”. On the Friday before the big storm, HR Strategies staff came together and devised a plan to ensure that payroll processes, and all other client needs, would be met in case of inclement weather. On Monday, when it seemed that the world had closed down in Georgia, HR Strategies was armed and ready for business as usual. Beginning that morning, payroll specialists were busy getting to work, only this time it was in their homes. The entire staff took advantage of their ability to work remotely and were able to continue business as usual, to the best of their abilities from home. Payroll specialists took hours over their cell phones from clients, ran the processes and reports, sent direct deposit and bank files, all from home. They were able to keep in contact with each other and the rest of HR Strategies staff through conference calls, and ensure that all clients were handled. The owner and CEO of HR Strategies, along with one designated payroll specialist, was able to make it to the office to pick up live checks and reports that had generated to be packaged for clients. These live checks were then hand delivered by the owner to the client locations, as most courier services (i.e. FedEx, UPS) were not operating on time or at all during the extreme conditions. Over the next three days HR Strategies continued to make sure that all of their client payrolls were handled accurately and on-time from remote locations.
Dedication, team work, and planning enabled HR Strategies to go above and beyond to ensure that their clients and client employees were paid, and their needs met. HR Strategies was able to pull together and use their resources and remote capabilities in order to deliver at a time when most services were unable to. Through the dedication of the whole team, clients were able to experience that HR Strategies provides exceptional service.
Generally speaking, employees view payroll as simply receiving a paycheck. However, as a business owner, you are aware of the time consuming process that is involved in preparing those paychecks, distributing them, and the myriad of reporting and tax filing that comes as a result of paying your employees. The process of payroll demands time from an employer; time that could be better utilized concentrating on the revenue-producing side of your operations. HR Strategies is here to free up that time for you by removing the hassle of payroll processing, administration, tax reporting, and compliance.
HR Strategies offers a prescribed and proven process; which is customized to your individual business needs through a variety of tools. Our Time Tracker and Time Tracker Plus software allows you to improve productivity through job costing, and accuracy through our easy to use features and data collection options. HR Strategies’ dedicated payroll specialists easily manage employee information, and simplify your payroll process by checking for accuracy, offering the option of pre-approval by clients, preparing direct deposits and checks, preparing garnishments, and processing a variety of management reports and payroll registers. Our comprehensive HR Information System allows seamless payroll integration with your company’s accounting system, as well as the ability to make address corrections, get online pay stubs, and reprint W2s. As a client of HR Strategies, you have the option of going green and becoming paperless, by which you will receive your reports electronically, and will have web notification when they are ready! If you choose not to go paperless, we have a variety of delivery options for you to receive your comprehensive payroll package. These options will include: direct deposit stubs and/or live checks, invoice, payroll register/journals, payroll worksheets for the next pay period, allocation reports, benefit reports, and other client specified management reports. With HR Strategies, rest assured that all of the after effects of running payroll are handled for you, with on-time and accurate filing of all payroll related taxes to the correct authorities.
Nothing can destroy morale as quickly as a problem that affects pay. Let us handle the complex requirements of payroll processing for you. With our powerful integrated on-site support and personal service, you can rest assured that the responsibilities of payroll have been handled completely and accurately, allowing you to focus on your core business. Our personal attention and commitment to you through our complete payroll team, with your assigned dedicated payroll specialist, will strive to help you run your business better by handling the busy work for you.
“I have been very happy with the service. Everyone is always professional. Our Payroll specialist has always been there to help me with all my payroll issues. The entire team is outstanding to work with! I would recommend them to anyone.” –Construction
“All of our payrolls have been delivered in a timely manner and their staff members have gone over and above to accommodate our needs. I really like the fact that we have gone to a paperless system. I do not have to deal with checks or check stubs. Everything is either directly deposited into a bank account or put on a debit card.” –Medical Practice