Payroll Services

Source: Accounting Today

Many firms are adding a payroll services niche because it is easy to implement given new cloud technology and can be a profitable revenue producer. It also has side benefits. This article presents four case studies, and we have simply listed some of the side benefits below.

• Payroll services create client loyalty and keep clients involved with the firm. They give the firm a way to do more for its clients.
• Clients like one-stop shopping -- that is, having as many services as possible available through one provider.
• The CPA firm can provide more value than a payroll bureau. Payroll services can also be profitable if administered right.
• Payroll services eliminate time spent on certain types of client issues and allow more time to be spent on practice development.
• Payroll services provided by accounting firms save clients money, as such firms often charge less than big name payroll services.

For the complete article, read "Case Studies: Payroll."

From Accounting Today, December 1, 2012, SourceMedia Inc., One State Street Plaza, 27th Floor, New York, NY 10004, 800-221-1809.