Slow tax disbursements via paper checks can put a financial strain on U.S. consumers, but are especially damaging to millennial small-business owners, who view paper checks as antique payment relic. In the latest Disbursements Tracker, PYMNTS spoke with Waseem Daher, founder and CEO of corporate tax and bookkeeping firm Pilot, on how faster tax disbursements can ease tax frustrations.

Tax season frustrations can blossom into real financial problems, especially when refunds are paper checks sent through postal mail.

Younger consumers are often unenthused about the lengthy wait times attached to their personal or professional tax refunds, and as millennials increasingly operate small- to medium-sized businesses (SMBs) with small teams or work as one-person companies, the status quo tends to be even less forgiving, as such individuals may rely on these funds for proper cash flows.

Recent research finds that 67 percent of millennial business owners operate independent companies rather than franchises. Millennial business owners are also 14 percent more likely to struggle with money problems than those who are baby boomers. Tax struggles and unanswered questions can exacerbate these issues, especially considering that approximately 31 percent of millennials reported anxieties over owing tax money or receiving lower-than-expected refunds.