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    Because Small Biz Owner #2 is stuck in the rut of the manual check payment routine, he is 31 times more likely to get hit with a late-payment penalty.

    And these late payment penalties are

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    Have you heard the latest version of the age-old story: "The Tale of Two Small Business Owners."

    Here it is:

    Small Biz Owner #1 is 31 times less likely to be penalized by the IRS than Small Biz Owner #2.

    Hmmm. What gives? What is the difference between these two chaps?

    It's simple, really.

    Small Biz Owner #1 makes his federal tax payments electronically, using the government's Electronic Federal Tax Payment System (aka EFTPS).

    Small Biz Owner #2 makes his federal tax payments manually, using good old paper 'n ink to write the check.

    Not only that, but for his monthly payroll tax payments, Small Biz Owner #2 has to fill out the little coupon that comes in that little yellow coupon book (known as Form 8109), write out the check, and then take the time to visit his local bank and make the payment in person.

    Because Small Biz Owner #2 is stuck in the rut of the manual check payment routine, he is 31 times more likely to get hit with a late-payment penalty.

    And these late payment penalties are p

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    #2.

    Hmmm. What gives? What is the difference between these two chaps?

    It's simple, really.

    Small Biz Owner #1 makes his federal tax payments electronically, using the government's Electronic Federal Tax Payment System (aka EFTPS).

    Small Biz Owner #2 makes his federal tax payments manually, using good old paper 'n ink to write the check.

    Not only that, but for his monthly payroll tax payments, Small Biz Owner #2 has to fill out the little coupon that comes in that little yellow coupon book (known as Form 8109), write out the check, and then take the time to visit his local bank and make the payment in person.

    Because Small Biz Owner #2 is stuck in the rut of the manual check payment routine, he is 31 times more likely to get hit with a late-payment penalty.

    And these late payment penalties are

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    One of the most important resources a retail business should have are profitable wholesale contacts. Whether it is wholesale video games, getting wholesale DVDs and among others-on the Internet many rising businesses have the opportunity for much greater profits when making a wholesale purchase directly from a legi
    deral Tax Payment System (aka EFTPS).

    Small Biz Owner #2 makes his federal tax payments manually, using good old paper 'n ink to write the check.

    Not only that, but for his monthly payroll tax payments, Small Biz Owner #2 has to fill out the little coupon that comes in that little yellow coupon book (known as Form 8109), write out the check, and then take the time to visit his local bank and make the payment in person.

    Because Small Biz Owner #2 is stuck in the rut of the manual check payment routine, he is 31 times more likely to get hit with a late-payment penalty.

    And these late payment penalties are

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    , Small Biz Owner #2 has to fill out the little coupon that comes in that little yellow coupon book (known as Form 8109), write out the check, and then take the time to visit his local bank and make the payment in person.

    Because Small Biz Owner #2 is stuck in the rut of the manual check payment routine, he is 31 times more likely to get hit with a late-payment penalty.

    And these late payment penalties are

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    in person.

    Because Small Biz Owner #2 is stuck in the rut of the manual check payment routine, he is 31 times more likely to get hit with a late-payment penalty.

    And these late payment penalties are pretty steep:

    1 to 5 days late = 2% penalty
    6 to 15 days late = 5% penalty
    16 or more days late = 10% penalty

    . . .plus interest.

    It makes sense, doesn't it? If a task takes less time and energy to complete, you are more likely to do it on time.

    And using EFTPS definitely is easier and faster than writing out a check and taking it to the bank.

    You simply sit down and make a 5-minute phone call, or visit the IRS website and input a few numbers.

    No fuss, no muss. And you can do it 24 hours a day, 365 days a year.

    I know, I know. Change is painful. You like your routine.

    My 3 children like to tell me how "old-fashioned" I am -- because of the clothes I wear or the music I listen to.

    I hear it all the time: "You're so '20th century', Dad."

    Well, I'm hear to tell you . .

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