|Royalty Type:||7% of monthly gross sales|
|Financing:||Via 3rd party|
About Payroll Matters®
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.
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.
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.
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.
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.
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.