Payroll

Propelled by double-digit revenue gains in its service and human resources units and an 8 percent spike in its core payroll division, Paychex posted a 12 percent rise in profits for fiscal 2008, to $576 million, for the period ended May 31.

The American Institute of CPAs has chosen Paychex as its preferred provider for administering 401(k) plans for members who participate in the AICPA's firm retirement program.

Universal Business Computing Co. has upgraded its client write-up and payroll service bureau software.

Payroll-processing service Paychex has added an auto-enrollment feature that allows employers to automatically sign up employees to participate in a 401(k) plan.

Private sector employment grew modestly last month by 40,000 jobs, according to a report by payroll giant ADP.

Payroll processor ADP has launched an online portal aimed at accountants who service small businesses, giving them free access to some information from BNA and CCH.

Private sector employment rose by 10,000 in April, according to a report by payroll giant ADP.

Fed Cuts Rate to 2 Percent

SurePayroll has upgraded its online payroll service for accountants with same-day enrollment, Saturday customer support hours, and free human resources and compliance tools.

The U.S. added 8,000 jobs in the private sector in March, according to a report by payroll giant ADP.

The Treasury Department has been pilot testing a free interface between its Electronic Federal Tax Payment System and Intuit's QuickBooks software and plans to expand the interface to other software.

DiCicco, Gulman & Co. Gets World Series Trophy Visit

Helped by gains of 8 percent and 18 percent in its core payroll and human resources services units, respectively, payroll and benefits outsourcing concern Paychex Inc. posted a 13 percent rise in third-quarter profits, to $142.5 million for the period ended February 29.

The American Payroll Association has launched a new association for accounts payable professionals.

PAI Group has promoted Robert Digby to CEO of the payroll company.

Despite the downturn in the economy, salaries for internal auditors are rising an average of 5 percent, according to a salary guide from Robert Half International.The report also identified internal auditing as one of five jobs positioned for growth in 2008.

The U.S. economy declined by 23,000 private sector jobs in February, according to the latest monthly report by payroll processor ADP, the first decline the report has shown since 2003.

PayCycle said it is extending an offer for free payroll for accounting professionals through Feb. 29, 2008.

AccountantsWorld introduced two fixed-fee options for its Payroll Relief software.

ADP's Taxware division has released ADP Outsourced Sales Tax Service, a system that calculates sales and use taxes, completes forms, and transfers funds to state and local governments.