Payroll Services

📘 Source: U.S. Census Bureau — 2022 NAICS Manual

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.

NAICS code 541214 — Payroll Services — is used in SAM.gov to identify businesses whose primary activity falls within this classification. When you add this code to your SAM.gov entity registration, contracting officers searching for vendors in the Accounting, Tax Preparation, Bookkeeping, and Payroll Services space will be able to find your business.

If this code represents your primary business activity, designate it as your primary NAICS code. Your primary NAICS code determines your size standard for any contract solicited under this code. With a size standard of $39M average annual receipts, your business must be at or below this threshold to qualify as a small business for set-aside contracts under NAICS 541214.

What is NAICS code 541214?

NAICS code 541214 is 'Payroll Services', classified under the Professional, Scientific, and Technical Services sector (NAICS 54). 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 w

What is the SBA small business size standard for NAICS code 541214?

The SBA defines a small business under NAICS code 541214 (Payroll Services) as one with $39M average annual receipts. This size standard determines eligibility for small business set-aside contracts, 8(a), HUBZone, WOSB, and SDVOSB programs in SAM.gov.

How do I register NAICS code 541214 in SAM.gov?

To register NAICS code 541214 in SAM.gov: (1) Log in at sam.gov, (2) Navigate to your Entity Registration, (3) Go to the Assertions section, (4) Add 541214 (Payroll Services) to your NAICS code list. You may designate one code as your Primary NAICS code.