Industry Description
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.
Cross-References.
Business Examples
Common types of business activities within NAICS 541214 - Payroll Services are:
- Payroll processing services
- Talent payment services
IBISWorld Industry Research Report
Payroll & Bookkeeping Services in the US (54121b)
Revenue 2025
$76.5bn
Growth 2025
1.85%
Key Trends
In the last five years, the industry has seen a shift toward automation and efficiency in payroll processes
Cloud solutions often offer robust security measures
AI-powered systems could analyze vast amounts of data to detect and prevent fraud
Products and Services
Similar Industries
For some business types, there may be a similar industry to 541214 - Payroll Services that is a better classification match. Establishments primarily engaged in:
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NAICS Cross Reference
Establishments of CPAs are classified in U.S. Industry 541211, Offices of Certified Public Accountants;
IBISWorld industry research report
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NAICS Cross Reference
Establishments of non-CPAs providing tax return preparation services only are classified in U.S. Industry 541213, Tax Preparation Services; and
IBISWorld industry research report
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NAICS Cross Reference
Establishments of non-CPAs providing accounting, bookkeeping, or billing services along with payroll services are classified in U.S. Industry 541219, Other Accounting Services.
IBISWorld industry research report
NAICS Hierarchy 541214 - Payroll Services
NAICS Code 541214 - Payroll Services sits in the 2-digit Payroll Services sector. NAICS codes can be 2- to 6-digits and the further along the hierarchy, the more detailed and specific the category will be. Learn more about the structure of NAICS codes
2 Digits: 54
Sector Title: Professional, Scientific, and Technical Services
3 Digits 4 Digits 5 Digits 6 Digits
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5411 Legal Services
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54111 Offices of Lawyers
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54112 Offices of Notaries
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54119 Other Legal Services
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5412 Accounting, Tax Preparation, Bookkeeping, and Payroll Services
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54121 Accounting, Tax Preparation, Bookkeeping, and Payroll Services
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5413 Architectural, Engineering, and Related Services
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54131 Architectural Services
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54132 Landscape Architectural Services
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54133 Engineering Services
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54134 Drafting Services
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54135 Building Inspection Services
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54136 Geophysical Surveying and Mapping Services
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54137 Surveying and Mapping (except Geophysical) Services
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54138 Testing Laboratories
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5414 Specialized Design Services
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54141 Interior Design Services
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54142 Industrial Design Services
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54143 Graphic Design Services
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54149 Other Specialized Design Services
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5415 Computer Systems Design and Related Services
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54151 Computer Systems Design and Related Services
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5416 Management, Scientific, and Technical Consulting Services
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54161 Management Consulting Services
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54162 Environmental Consulting Services
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54169 Other Scientific and Technical Consulting Services
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5417 Scientific Research and Development Services
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54171 Research and Development in the Physical, Engineering, and Life Sciences
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54172 Research and Development in the Social Sciences and Humanities
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5418 Advertising, Public Relations, and Related Services
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54181 Advertising Agencies
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54182 Public Relations Agencies
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54183 Media Buying Agencies
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54184 Media Representatives
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54185 Outdoor Advertising
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54186 Direct Mail Advertising
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54187 Advertising Material Distribution Services
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54189 Other Services Related to Advertising
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5419 Other Professional, Scientific, and Technical Services
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54191 Marketing Research and Public Opinion Polling
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54192 Photographic Services
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54193 Translation and Interpretation Services
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54194 Veterinary Services
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54199 All Other Professional, Scientific, and Technical Services
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NAICS Resources
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