Can Accounting Firms Profit From Payroll?

摘要

Can firms really profit from processing payroll? Crunching the numbers can help determine whether it's worth the effort. Following is a sample analysis provided by Michelle L Long, CPA, owner of M. Long Consulting, including some of the factors to consider. Assume a firm has 50 clients with an average of 10 employees; a gross billing average of $1,500 per client ($75,000 annually); a part-time payroll processor working 15 to 20 hours per week at $15 per hour plus 35 percent benefits ($21,060 annually). Also include the cost of roughly one hour per week of accountant review time ($200 per hour) and the cost of marketing, software, supplies and other fees ($10,000).