The success of the Paychex Partner Program from American Institute of Certified Public Accountants (AICPA) Business Solutions has resulted in a five year extension of the contract. Initially named the preferred payroll services provider to CPA clients by CPA2Biz in 2003, under the extension Paychex will also be designated as the preferred provider of retirement plan services for CPA clients.
“Through this partnership, Paychex is uniquely positioned to help CPAs provide the best retirement plan solution for their clients – one that is truly integrated with payroll,” said Tony Tortorlla, vice president of Human Resource Services sales for Paychex. “With the combination of our organizations, we can better present Paychex’s continually evolving retirement plan services, including the latest flexible open plan design.”
Paychex, Inc. is a leading provider of payroll, human resource, and benefits outsourcing solutions for small-to medium-sized businesses. Paychex 401(k) Recordkeeping services were added to the CPA2Biz program offerings in May 2005. The new designation affirms the confidence CPA2Biz has in Paychex’s commitment to serving the accounting profession in the area of retirement plan services.
“The great success of the program is a testament to the dedication of both organizations to providing CPAs with the best tools to build their practices and serve their clients,” Walter Turek, senior vice president of sales and marketing for Paychex, said in a prepared statement. “The combined credibility of Paychex, CPA2Biz and the AICPA provides valuable confirmation of the quality and service CPAs can expect from this program.”
CPAs have long been known to provide critical guidance to clients at each stage of their financial lifecycle. The widespread belief that the average person is living longer but saving less should serve as a call to action for CPAs to advise their clients on their various retirement options.
“CPAs are well suited to help millions of Americans secure a better financial future,” Erik Asgeirsson, president and CEO of CPA2Biz, notes in a prepared statement, “whether it’s emphasizing to a small business owner the benefits of establishing an employee retirement plan or educating clients on when it makes good financial sense to set up a health savings account, CPAs need to be more out in front on these discussions, and we believe we have the right partner and the right program to help them do just that.”
Nearly 24,000 CPAs nationwide are now enrolled in the Paychex Partner Program from AICPA Business Solutions. Program membership is exclusive to CPAs, providing them with unique benefits to strengthen their client relationships.