According to the U.S. Census Bureau the percentage of working mothers (between 15-44 years old) went from 53% in 1994 to 55% in 2002. Out of the 82.5 million mothers in the U.S., that is a1.65 million jump of mothers in the workforce. In 2002, mothers with children age 1 and older were in the labor force at a higher rate (72 Percent) than mothers with infants (55 percent). Among mothers with infants, 61% of those 30 and older were in the labor force compared with 39% of those ages 15 to 19.
This rise in working mothers could be attributed to many factors. One of the largest reasons is families that feel they need the additional income. With inflation, rising oil prices and increased cost of living, many families feel that they can't survive without the additional income from a working mother.
In addition, there are a lot of single mothers who are the only source of income for a family. Along with the increasing reality of two parents working and single parents working, there is also the increasing need for quality child care. There are roughly 687,000 daycare providers of which roughly 618,000 are self employed persons. Many mothers prefer the atmosphere of the self employed day care providers because they often work out of their homes which provide a homey atmosphere that a large facility can't produce.
One of the major problems with mothers working is the cost of these Day Care facilities. Christopher Anderson, Vice President of Lone Peak Business Solution, Inc. said, "One of my clients is a family where the mother started working in 2006. She made roughly $12,000 but she had to pay out $9000 in day care expense. Her day care took 75% of her income. After taxes were taken out of her paycheck she made almost nothing."
"One way working mothers have found to solve the working away from home and daycare expense is to become a self employed Day Care Provider," says Anderson. By becoming a daycare provider they have created an optimal position for themselves for three main reasons.
1. The self employed Day Care Provider is now able to stay home with her/his own children instead of relying on others to take care of them. They now have the freedom to raise there own children. In this way, they can ensure there children and getting taught the values they want, not hoping that someone else is teaching them the right things.
2. While able to stay home, the self employed Day Care Provider is still able to provide the much needed second income. Many of Lone Peak Business Solutions' clients that have day care businesses often make more money than that of there spouse.
3. When set up properly, the income a self employed Day Care Provider makes can be received in many tax free ways. Through tax deductions for business and deductions specifically for Day Care Providers, much of the income that a self employed Day Care Provider earns can be written off.
Kathy Anderson, President of Lone Peak Business Solutions, says, "I have worked with many Day Care providers in my 26 years in business. Those who have taken the time to get the proper licenses and set up the proper safety rules, are successful, work with happy parents and children, and often continue even after their own children go to school." These child care providers have created an income while there children are at home and income for years to come as they continue to enjoy the freedom of business ownership.
Years ago, when people thought of the payroll process, they thought of the traditional, antiquated idea of long lines standing in front of a mechanical punch clock, waiting to get their cards stamped. Beyond that, the typical worker lived in fear of mechanical failure or human error resulting in lost paychecks. Likewise, businesses were forced to dedicate extensive resources towards a standing payroll department, with all of the associated overhead, paperwork, and general hassle of a large office. Luckily, for most people, those days of waiting and worrying are over with the advent of online payroll services.
Today's business world relies more and more on salary transferred or payment made online. The benefits for the workers are numerous. Using an online system, workers will find that their pay checks come faster with fewer headaches and hassles. Given the streamlined process, there are multiple points at which mistakes can be caught and corrected before affecting their paychecks. Furthermore, online remuneration process offers the chance to workers for easy access tax and salary information without the time and paperwork associated with antiquated emolument systems.
Finally, and perhaps most importantly, some online remuneration management companies can work with employees in setting up direct deposit accounts. This allows employees to have their paychecks deposited straight into their bank accounts. They can do away with the travel time associated with waiting for checks to be cut in the on-site payroll department and then taking those checks to the bank. Some innovative companies are even offering payroll debit cards, which sends the paychecks directly to a debit card, allowing the employee to spend the much needed cash that very day.
Beyond that, the list of benefits available to the employer using an online remuneration service company is equally astounding. Gone are the days of an entire department dedicated to payment, overflowing with needless hard copies of paperwork. Outsourcing to an online remuneration management company can help employers easily produce new hire paperwork, unemployment applications, and end of the year tax information, literally saving hours and days for businesses looking to focus their energy on increasing revenue and customer satisfaction.
Some business owners may be reticent to dive into an online salary system due to concerns about safety. However, these worries are totally groundless. An upstanding, experienced payroll service company will offer your business secure websites, password confirmation systems, and an overall level of security that will meet or match any old paper filled payment medium. With streamlined reporting, employers can track their payroll funds at any point, from deposit to pay out. This attention to detail keeps you, the business owner, confident in your remuneration managing company and may even allow you to reevaluate how your business allocated funds.
Before selecting a payroll service company, it's important to understand the many exciting benefits and features associated with online salary defrayment services. The remuneration managing company that you choose can help you decide what type of service is right for you given your workforce and needs. At the end of the day, your employees (and investors) will thank you for switching over to the painless and cost effective world of online payroll services.
Both Christopher Anderson & Andrew Stratton are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Christopher Anderson has sinced written about articles on various topics from Debts Loans, Real Estate and Sell Home. Christopher Anderson is part owner of He wants to share his success as a business owner with others who de. Christopher Anderson's top article generates over 40500 views. to your Favourites.