541214 — Payroll Services

Description

This U.S. industry comprises establishments (except offices of CPAs) engaged in the following without also providing accounting, bookkeeping, or billing services: (1) collecting information on hours worked, pay rates, deductions, and other payroll-related data from their clients and (2) using that information to generate paychecks, payroll reports, and tax filings. These establishments may use data processing and tabulating techniques as part of providing their services.

Exclusions & Cross-References

• Establishments of CPAs are classified in U.S. Industry 541211, Offices of Certified Public Accountants;
• Establishments of non-CPAs providing tax return preparation services only are classified in U.S. Industry
• 541213, Tax Preparation Services;
• Establishments of non-CPAs providing accounting, bookkeeping, or billing services along with payroll
• services are classified in U.S. Industry 541219, Other Accounting Services;
• Establishments primarily engaged in processing financial transactions (except central bank) are classified in
• Industry 522320, Financial Transactions Processing, Reserve, and Clearinghouse Activities; and
• Establishments primarily engaged in providing data processing services (except payroll processing services
• and financial transaction processing services) at their own facility for others are classified in Industry
• 518210, Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services.

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