Why You Should Switch to Paperless Invoicing?

Article by Manish Chauhan

Paper is an integral part of our lives since its invention in 105 AD. We use papers for a number of reasons in our daily work routine and today it has completely transformed the way we communicate, record history or write down literature. Paper invention has led to other inventions like new cleaning products, printing and even foods and not to forget that the benefits paper provides to millions of freelancers and businesses world-wide. Paper is portable, thinner and smaller and today it has become such an inseparable part that we cannot imagine our world if it vanishes. But, it is the only way to let us know how precious paper is for us.

We are well aware of the significance of invoicing in a business enterprise. Paper invoicing helps in receiving the payment for the products offered or services rendered to the clients by your venture but, are you aware of the truth that how much harm paper invoices cause to the environment and the major contributors or culprits in this process are corporate America and freelancers. A survey by oDesk revels that out of 70,000 plus US based contractors, 32% have opted to become freelancers after the job cut. Freelance designers are being offered plenty of job opportunities by the web and these opportunities are not limited to just one but they can come from anywhere around the world. And the same goes for freelance writers, this is because today businesses seek for the convincing content for their websites, blogs and reviews and even twitter account. The report of Strategies of Management predicts that there will be an increase in freelancers gross revenues from over $ 3.4 billion in 2004 to over $ 3.8 billion in 2009 and the number of graphic design freelancers is expected to rise by the end of decade from its present figure that is 74,000 to over 86,000.

The fifty largest graphic design firms which only comprise less than 1% of the number of establishments but result for over 16% or $ 1.3 billion of the total invoicing, which is an enormous figure. This would give you an idea how much paper is being wasted in invoicing alone.

In addition, the number of paper invoices generated by corporate America is even more alarming. About 13 billion invoices are traded annually from US, which implies that around 25 billion pieces of paper being used in the offices every year.

There is a 10% total tree cut down globally for generating invoices and the electricity used in creating the paper invoices is equivalent to the consumption of 20 million households.

It is time we learn a lesson from the European Union. There has been a legal obligation for businesses running in European Union to accept electronic invoices since January 1 2004.

A study has also revealed that it is possible to cut down invoicing cost by 70%. Switching merely a 50% from current paper invoice to electronic invoice would save almost one million trees and 240,000 tons of paper every year. Apart from monetary benefit, it is also in the interest of our environment. Therefore, why do not we all make a sincere effort to protect our environment and switch to online invoicing?

Question by Ujyathica: Can somebody please explain how taxing the rich is a good idea?
Obama is trying to raise the taxes on the rich.

Now, mind you (these are facts that were derived from IRS reports

the top 1% of tax paying Americans earned 1.79 Trillion Dollars (22.06% of total) yet they paid as a whole (the entire 1%) 408.4 Billion Dollars

The Bottom 95% of tax paying Americans earned 5.14 Trillion Dollars (63.34% of total) yet they paid as a whole (the entire 95%) 408.1 Billion Dollars

That means. 95% of Americans (the poor that Obama is not going to tax) supplied less than the 1% of Americans Obama is going to try and tax.

I have some questions

How can a group that earns 2.87 times less money than the other group, yet still pay more in taxes?

Seems to me, like the 95% need to have their taxes increased by 287% so that it is even across the board, right?

Also, mind you. That 95%, if their taxes increase and worst comes to it, they leave the country. Lets do some math

95% of the US Population = 288633408 people
1% of the US Population = 3038246.4 people

Now, if obama taxes the 1% and they leave, and avoid paying taxes the government loses ~408 billion dollars

Based on the # of americans in the 95% range, and the amount paid by that entire group you get $ 1413.9 per person

If obama increased the taxes on them instead, and the same # of americans left the country (1% of total = 3038246.4 people) the government loses 4.3 billion dollars

4.3 billion dollars >> 408.4 billion dollars

and mind you the 1% already pays 2.87 times more in taxes than the 95% as a whole.

I know the what 95% of the population voting for a man is going to overwhelm the 1% voting for the other, so obviously the 95% wont care, because they aren’t getting the short end of the stick

but what if them voting for obama, causes the percentage of Americans that actually mean something to the country leaves, or lays of workers to cover the taxes..

Somebody make this make sense to me please.
Is it really just the poor overwhelming the rich in votes, so now the rich have to pay even more? Since when did it become ok to pick on the minority? Give the minority scholarships yet take away from another minority so long as its accepted by the majority?
What if the minority says screw it, and leaves for a prospering country? We all know they have hte money and power to do it?

Will America remain free, if it watched the only group of Americans that could actually affect the country leave? Or will the military force them to stay, just like Germany did to Fritz Haber. Who mind you, became a war criminal because he was forced by Germany to make poisonous gas.

How can increasing the taxes on the group that already pays more in taxes fair?

I say increase the taxes on the other 95% by 287% and then go from there. Enough with the “I am poor its not fair i didn’t go to Harvard and I’m not smart”

Best answer:

Answer by justjr
The goal is to deminish the rich’s propensity to save. The more money someone makes, the more they will put into their personal savings. This discourages investment and creates a hording of wealth and resources. This gets worse during financial downturns. This helps to widen the divide between rich and poor and destroys the middle class who’s life is based on the investment of the rich.

What do you think? Answer below!