Palo Alto, CA (PRWEB) July 7, 2008 -- PayCycle, Inc. (www.paycycle.com), America's #1 online payroll service, today released the results of a proprietary survey that found nearly half of small businesses are scaling back payroll to combat today's difficult economic conditions.
Forty-seven percent (47%) of small business owners indicated they are taking action to reduce payroll by laying off staff, not giving raises or offering days off instead of pay increases, all in attempts to preserve cash in an uncertain economy.
In addition, the survey found that 43% of small business owners are choosing to cut back their vacations this year. They are staying close to home or even canceling their plans altogether, citing the economy as the primary reason.
Belt-Tightening Across Broad Spectrum of Small Businesses
"In times of economic uncertainty, small businesses are especially concerned about preserving cash," said Jim Heeger, president and CEO of PayCycle. "It's not surprising that nearly half of small business owners are taking steps to reduce payroll expenses. And combined with the reported cuts in vacation plans, this clearly shows there is belt-tightening across the broad spectrum of small businesses," observed Heeger.
To help small businesses get more from their cash flow in a difficult economy, PayCycle® online payroll service enables customers to pay taxes when they are due, rather than forcing them to pay weeks ahead of time, the usual industry practice.
The survey, conducted between June 23 and June 29, 2008, compiled responses from 427 small businesses randomly selected from PayCycle's broad, national base of over 60,000 small business customers.
About PayCycle
PayCycle (www.paycycle.com) is America's #1 online payroll service, serving more than 60,000 small businesses. PayCycle provides an easy-to-use, innovative, efficient service for small businesses, backed by outstanding customer support. PayCycle also powers payroll services for leading financial institutions including Capital One and PNC Bank, and provides client payroll services through many of the nation's accounting professionals. PayCycle's service integrates with leading accounting programs such as QuickBooks®, Quicken®, Peachtree®, Microsoft® Money. PayCycle's unique "Do-It-With-YouSM" (DIWYSM) technology platform guides customers through the entire payroll process from paycheck to W-2 forms. Visit www.paycycle.com for a free trial of the service.
PayCycle is a registered trademark, and "Do-It-With-You" and "DIWY" are service marks of PayCycle, Inc. All other product names and trademarks are the property of their respective owners.
# # #
E4B Advise Small Businesses to Make the Most of Savings by Introducing Energy Efficiency Planning
It is estimated that electricity for small businesses can account for nearly 10% annual overheads and £12 billion of energy is wasted every year in the UK. It has been found that if a typical SME business becomes energy efficient - they could reduce their bill by as much as 15% to counter the effects of recent price hikes by the big 6 electricity suppliers and also combat energy wastage.
Just a Minute, LLC Helps Small Businesses Stay on Top of Their Monthly Resolutions and Annual Service
Preparing Annual Minutes for a business is just as important as paying taxes. Just A Minute, LLC is a new business ready to help simplify annual minutes and resolutions so you can meet the legal requirements that protect you and your business while you focus on actually running the business.
The Care and Feeding of Your Small Business
While I was hard at work last week, an everyday drama was playing out in a hospital room in the next town. My niece was working on presenting me with a new great nephew.
Infusion Software Closes $9 Million Funding Round Led by Mohr Davidow Ventures: Funding to Accelerate Growth of On-Demand CRM for Small Businesses
Infusion Software Inc., provider of the best-selling customer relationship management (CRM) software for small businesses, today announced it has secured funding of $9 million from MDV-Mohr Davidow Ventures, a leading Silicon Valley venture capital firm. This round represents Infusion's first round of venture financing.
Cell Phone Accessories And Their Uses
The number of brands of cell phones available in the market available today is growing rapidly. These models are available in different colors, shapes and sizes. With increase in use of cell phones, people have become interested in making use of all the features in a cell phone. To make use of these features, they need what you call the accessories. Accessories have three main functions to serve ? 1) To improve the functioning of the cell phone, 2) To improve its appearance, and 3) To increase the safety of the cell phone and also its user.
An Online Store That Cares - Buying Designer Shoes
If you're an avid online shopper you probably know by now the advantage of buying products online. If you're a novice, I might as well tell you. Online stores more often than not charge far less for their products than on-site retail stores.
A Small Peek Into Internet Marketing
The term internet marketing is still somewhat slippery, and may mean different things to different people. Internet marketing is the use of the internet to advertise and sell goods and services. It is also more accurately described as relationship marketing or direct-marketing. This is a very vast topic that includes various types of emarketing methods. Although it is easy, it isn't an overnight proposition. There could be weeks, months or years before your web site becomes viable. Internet marketing is essential marketing for any website that aspires to make a profit online.
Leading Online Skin Care Retailer Introduces Skin-Improving Clothing
SkinCareRx.com, a leading online skin care retailer, has introduced a new way to repair skin damage without creams or serums. Instead, you can heal your skin by wearing a revolutionary new phototherapeutic material that utilizes the sun's beneficial yellow rays to improve wrinkles, hyperpigmentation, and sun damage.
Hotel Coupons For Top Three Destinations
Hotel Coupons are a great help especially if you are planning to go on a holiday with your whole family Not only are the rates on a discounted price, you also get a chance for their freebies and special promotions
Landscape Your Lawn, No Matter How Small It Is
It doesn't matter how big or small your front and back yards are, it's possible to landscape them and make them beautiful. Often times, a small yard is more difficult to landscape than a big one, because every element has equal importance.