Payroll Matters® Franchise

Payroll Matters® acts as outside, independent payroll service for small and medium-sized businesses. Payroll Matters® provides an employer access to a greater number of services including insurance, retirement plans, direct deposit as part of the payroll process. Payroll Matters® knows how to produce payroll properly: Write checks; Calculate the appropriate state and federal taxes; Determine the appropriate amount of tax owed; Keep accurate records; File with the IRS and state agencies; and Create and file W2 forms in a timely and correct manner.

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Franchisor Details

Incorporated Name: PayrollMatters
Total Units: -
Year Founded: -
Franchising Since: -
Home Office: -
Training: Available
Locations Available: See Below*
Franchise Costs

Franchise Costs

Financing: Via 3rd party
Liquid Capital Required: N/A
Net Worth Required: N/A
Total Investment: N/A
Franchise Fee: N/A
Royalty Type: 7% of monthly gross sales
Vetern Discount: -

*Payroll Matters® is currently accepting inquiries from the following locations: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District Of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming

Values & History

Richard Krasnow, company founder, started the business in 1973 by developing a comprehensive payroll program that now serves as the basis for the proprietary software that defines the Payroll Matters® concept.

Industry Performance

The Payroll and Bookkeeping Services industry provides payroll and bookkeeping services on an outsourced basis. The industry has experienced steady growth over the five years to 2019 as clients increasingly subcontracted back-office administrative activities to take advantage of strengthening economic conditions, enabling them to focus their efforts on core business functions.

Additionally, the rising complexity of payroll and benefits payments and deductions has led businesses to increasingly outsource these functions to industry operators to ensure compliance. As the number of businesses in the United States has grown over the past five years, the industry's client base has expanded.

Training & Support

As a Payroll Matters® Franchisee, we will: train you and your staff; help lease an office including buildout and equipment needs; on-site and telephone consultation support; and ongoing industry updates and trend changes regarding service to reduce the risk of litigation and other compliance issues.

Ideal Candidate & Qualifications

Payroll experience is not necessary to join our team. Payroll Matters® seeks franchisees with a willingness to work hard, integrity, and honesty.

Purchasing a Payroll Matters® Franchise

The royalty fee is 7% of monthly gross sales, which covers your ongoing use of the Payroll Matters® trademark and services. The advertising fee is 3% of monthly gross sales, which benefits all franchisees.

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