For Accounting Professionals:

Introduction

The transition from cash to electronic funds transfer has been dramatic and the evolution of payroll has been an indicator of how quickly and drastically American society has changed during the last century. Payroll is still a very people-oriented business, and its impact is felt not only by employers but all of their workers.
CustomPay is a revolutionary solution aimed at personalizing payroll services, setting the quality standard and changing the way american accounting practice relates to payroll.
CustomPay was started and is managed by accounting professionals. Their supervision over CustomPay operations ensures that ethical standards as well as required amount of attention and care guide the quality of client services. In recent years, many accountants, unsatisfied with payroll providers, have taken payroll processing back to their practices. Required investment, high liabilities and low profit margins often discourage other practitioners from doing it in-house. Maintaining and growing a payroll practice is a challenging task. Selling it for its true value is even more challenging.
CustomPay allows accountants to control payroll quality, benefit from company profits and stay free from liabilities and burden of timely processing.
Typically, accountants are the first to evaluate the payroll service options for their clients as well as address payroll-related issues if any. Therefore, instant access to resources and staff, ability to get expert opinion quickly are critical and can not be overestimated.

Benefits

CustomPay, Inc. establishes and strengthens the bond between an accounting firm and a payroll bureau based on the mutual interest in retaining clients and making the relationships financially beneficial for all parties.
Benefits for Participating Accountants:
- Economic interest in the Annual Net Cash Flow of the company
- Retirement savings upon disposition of accumulated interest in the company
- Referrals from CustomPay for accounting and other non-payroll services
- Newsletter with selected payroll, HR and tax news
- Added value in client relationships through high quality service, low fees and personalized attention
- Control over the payroll service provided by having an open line of communication with an account manager and internet account access
Clients benefit from a large variety of payroll services, low cost, having the same account manager who is a payroll expert capable of handling any payroll-related issue*.
Payroll bureau focuses on building exceptionally high quality of service instead of aggressive sales force, keeps lower prices, due to significant reduction of sales and marketing expenses.

*All account managers are required to be certified payroll professionals. Certified Payroll Professional (CPP) is a designation of the American Payroll Association.

Services

CustomPay payroll services can be designed in a variety of ways. We do not offer one solution for everyone. Our payroll clients are companies with 1 to 500 employees and have different needs and requirements. Our business is to recognize the difference.
Smaller companies enjoy simple way of communication, personalized attention, flexibility, affordable direct deposit, internet access, Section 125 plans (POP), signed and stuffed paychecks and much more.
Larger companies are capable of processing payroll at remote locations using the PC Connect software or Excel spreadsheets, have multiple users for interfaced HR and Time & Attendance systems and utilize internet for submission of data and retrieving payroll reports. For clients switching their payroll provider in the middle of the year, CustomPay reconciles payroll records to generate consolidated W-2s at year-end. Companies recruiting foreign national employees find assistance with administration of their payroll. There are many other services that are offered to CustomPay clients when needed.

How to participate

There is only one condition for participation in the CustomPay's plan - one has to be an accountant, an individual who is actively engaged in the business of providing accounting services to clients or employers on a routine basis, including without limitation staff accountants, financial officers retained by particular companies, as well as independent accountants servicing multiple clients.
The plan document and agreement provide full information about the details of the plan. To find out more about the benefits of referring clients to CustomPay, please register to receive our electronic newsletter (same registration as we have now, just add "comments" box there) and one of the founding participants will contact you. You can also send an email directly to Boris Foxman at bfoxman@custompay.us.