2022 Edition

national industry 541214

Payroll Services

Overview

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.

The immediate parent of national industry 541214 is international industry 54121: Accounting, Tax Preparation, Bookkeeping, and Payroll Services

2022 NAICS Edition 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.

History

The NAICS editions in which this code was present are indicated below. In the event that a code was changed from the prior edition the equivalent value in that edition is provided for reference.

Edition Existed Equivalent Value
2002 541214
2007 541214
2012 541214
2017 541214
2022 541214

Standard Industrial Classification (SIC) Mappings

  1. 8721 - Accounting, Auditing, and Bookkeeping Services

Insurance Industry Mappings

The US Property and Casualty Insurance Industry may use the following classification descriptions which might encompass national industry 541214, Payroll Services:

  1. accounting
  2. accounting and auditing service
  3. accounting auditing and bookkeeping service
  4. accounting auditing or bookkeeping service
  5. accounting bookkeeping or payroll service
  6. accounting tax preparation bookkeeping and payroll service
  7. office payroll accounting service condominium office
  8. office payroll accounting service office
  9. payroll accounting service
  10. payroll accounting service condominium office
  11. payroll accounting service office
  12. payroll service
  13. payroll service naic
  14. professional scientific and technical service
  15. professional scientific and technical service not otherwise classified naic
  16. tax preparation bookkeeper accountant auditor

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