NAICS 541214
What is the NAICS code 541214?
The NAICS code 541214 is applied to those industries related to Payroll Services.
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.
Therefore, all companies engaged in any industrial activity related to this type of business are grouped under category 541214 in the North American Industry Classification System.
This industrial activity of NAICS code is structured as follows:
- 54 - Professional, Scientific, and Technical Services
- 541 - Professional, Scientific, and Technical Services
- 5412 - Accounting, Tax Preparation, Bookkeeping, and Payroll Services
- 54121 - Accounting, Tax Preparation, Bookkeeping, and Payroll Services
- 541214 - Payroll Services
Characteristics of the North American Industry Classification System code 541214
NAFTA
This code is only used in the North American Industry Classification System (NAICS). It´s to say, it is not used in the North American Free Trade Agreement (NAFTA): United States, Canada, and Mexico.
Related codes
The NAICS industry 541214 has the following cross-references:
- Establishments of CPAs are classified in U.S. Industry 541211, Offices of Certified Public Accountants.
- 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 of non-CPAs providing tax return preparation services only are classified in U.S. Industry 541213, Tax Preparation Services.
- Establishments primarily engaged in processing financial transactions (except central bank) are classified in Industry 522320, Financial Transactions Processing, Reserve, and Clearinghouse Activities.
- 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.
Related activities
Below are some of the most common types of activities in the Payroll Services industry (NAICS Code 541214):
- Motion picture production payroll services
- Payroll processing services
- Talent payment services
