{"id":3607,"date":"2011-09-13T13:12:58","date_gmt":"2011-09-13T13:12:58","guid":{"rendered":"https:\/\/www.thefranchiseking.com\/?p=3607"},"modified":"2013-07-29T07:41:43","modified_gmt":"2013-07-29T07:41:43","slug":"franchisees-payroll-management","status":"publish","type":"post","link":"https:\/\/www.thefranchiseking.com\/franchisees-payroll-management","title":{"rendered":"Attention Franchisees; Don&#8217;t Worry About Payroll"},"content":{"rendered":"<p><a href=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/2011\/09\/paycar.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-3616\" title=\"paychex car\" src=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/2011\/09\/paycar-300x156.jpg\" alt=\"paychex race car\" width=\"300\" height=\"156\" \/><\/a><\/p>\n<p>(<em>Disclosure; this is a sponsored post<\/em>.)<\/p>\n<p>&nbsp;<\/p>\n<p>One of the first questions that I\u2019m asked by prospective<strong> franchise owners<\/strong> that I\u2019m working with has to do with two things; <strong>employees<\/strong> and <strong>payroll<\/strong>.<\/p>\n<p>\u201c<em>Joel, I\u2019ve managed employees before, but I\u2019ve never had to worry about things like payroll taxes, and payroll processing. Is that handled by the franchisor<\/em>? \u201d<\/p>\n<p>The answer is, \u201c<em>some of the time<\/em>.\u201d It just depends.<\/p>\n<p><em>Some<\/em> franchisors have <a href=\"https:\/\/www.dpbolvw.net\/click-2568962-10825364\">complete payroll systems<\/a>, including software and support for their local franchisees. Some don\u2019t. Either way, don\u2019t let the fact that you may not know a lot about how a payroll system is supposed to work stop you from investigating <a href=\"https:\/\/www.franchisedirect.com\/?utm_source=Twitter&amp;utm_medium=CPC&amp;utm_term=&amp;utm_campaign=Joel-His-Royal-Highness\">opportunities in franchise ownership<\/a>. Lots of things that are involved in owning a business are going to be foreign to you at first. One of the great things about investing in a franchise-type of business is that just about everything that you\u2019ll ever have to do as an owner has been well thought out\u2026and is part of a system. That\u2019s what you\u2019re buying.<\/p>\n<p>If you end up buying a franchise that has a payroll provider included as part of your franchise agreement, it can certainly help. As a franchisee, you\u2019ll want all the help and support you can get. You\u2019re going to want to spend your time in front of customers and clients, which tends to lead to more cash register ringing. You don\u2019t want any unnecessary back office duties to chip away at that time. After all, <strong>the more opportunities you have to interact with your customers, the better your chances will be to succeed as a small business owner<\/strong>.<\/p>\n<p><a href=\"https:\/\/www.dpbolvw.net\/click-2568962-10825364\">Paychex<\/a> is a popular payroll system provider in the world of franchising. They\u2019re large enough to provide franchisors with comprehensive payroll services. And they do. Actually, they do even more than payroll.<\/p>\n<p>In addition to helping franchisors manage things at headquarters, Paychex also helps things go smoothly at the franchisee level\u2026your level, with their specially-trained local Payroll Specialists.<\/p>\n<p>In business since 1971, Paychex has its roots in Rochester, New York. Interestingly enough, Paychex expanded beyond Rochester in few short years, and for awhile, even included<strong> 18<\/strong> <strong>franchises<\/strong> and partnerships. They ended up consolidating into one company operation, and have been that way ever since. Do you think they understand the needs of the franchise community?<\/p>\n<p>This NASDAQ traded public company has won hundreds of awards over the years, including;<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><strong>&#8220;100 Best Companies to Work For,&#8221; FORTUNE magazine.<\/strong><\/li>\n<li><strong>Ranked among the top 30 on Training magazine&#8217;s list of Top 125 training organizations in the country, Training magazine.<\/strong><\/li>\n<li><strong>&#8220;America&#8217;s Most Admired Companies,&#8221; FORTUNE magazine.<\/strong><\/li>\n<li><strong>The American Institute of Certified Public Accountants (AICPA) Business Solutions Program selected Paychex as its preferred payroll provider.<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h2>3 Things<\/h2>\n<p>&nbsp;<\/p>\n<p>According to Paychex, there are 3 things that franchisors should look for in a payroll services provider.<\/p>\n<p>&nbsp;<\/p>\n<p>They are;<\/p>\n<p>&nbsp;<\/p>\n<p>1. <strong><span style=\"color: #800000;\">Local Representation<\/span><\/strong><\/p>\n<p>Franchisors can\u2019t be everywhere at once. If they\u2019re headquartered in Chicago, they need to know that their franchisees in California are being well taken care of. That\u2019s why it\u2019s important for their payroll provider to have <strong>Local Specialists<\/strong> available.<\/p>\n<p>&nbsp;<\/p>\n<p>2. <strong><span style=\"color: #800000;\">High Ethical Standards<\/span><\/strong><\/p>\n<p>Franchisors need to feel that their information is protected. The <strong>Paychex IT system<\/strong> uses state-of-the-art security to ensure the secure storage and transmittal of information. Paychex is financially secure, has passed IRS testing requirements, and maintains protection, including a fidelity bond and insurance. And, they\u2019re publically audited.<\/p>\n<p>&nbsp;<\/p>\n<p>3. <strong><span style=\"color: #800000;\">Financial Disclosure<\/span><\/strong><\/p>\n<p>Business transparency is big these days, and your payroll services provider should provide full financial disclosure. You can view Paychex financial information anytime through their investor presentation, annual reports and proxy statements, and SEC Filings. <em>It\u2019s about trust<\/em>, and in Fiscal 2010, Paychex clients trusted them with <strong>354 billion payroll dollars<\/strong>. In addition, the Ethisphere\u00ae Institute named Paychex one of &#8220;<em>The World&#8217;s Most Ethical Companies<\/em>.&#8221;<\/p>\n<p>&nbsp;<\/p>\n<p>Finally, if you\u2019re looking into franchise ownership, and the franchises you\u2019re interested in don\u2019t have a payroll system in place, you can <a href=\"https:\/\/www.tkqlhce.com\/click-2568962-10825364\">call a payroll services provider like Paychex<\/a>, and have them provide the services you need to manage your payroll, directly.<\/p>\n<p>So you can ring your cash register.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Disclosure; this is a sponsored post.) &nbsp; One of the first questions that I&rsquo;m asked by prospective franchise owners that I&rsquo;m working with has to do with two things; employees and payroll. &ldquo;Joel, I&rsquo;ve managed employees before, but I&rsquo;ve never had to worry about things like payroll taxes, and payroll processing. Is that handled by [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[32,37,62],"tags":[528],"class_list":["post-3607","post","type-post","status-publish","format-standard","hentry","category-franchise-purchasing","category-franchise-technology","category-small-business","tag-payroll-management"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Attention Franchisees; Don&#039;t Worry About Payroll &#8212; The Franchise King\u00ae<\/title>\n<meta name=\"description\" content=\"Attention Franchisees; Don&#039;t Worry About Payroll\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thefranchiseking.com\/franchisees-payroll-management\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Attention Franchisees; 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Finally, he's been in franchising close to 25 years.","email":"joel@thefranchiseking.com","telephone":"2168312610","legalName":"Franchise Selection Specialists Inc.","foundingDate":"2002-01-20","taxID":"20-1184045","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"1","maxValue":"10"}},{"@type":"Person","@id":"https:\/\/www.thefranchiseking.com\/#\/schema\/person\/b560fd324f6df9be52ac875e631beb66","name":"Joel Libava","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/0c74981307dba3f4970cdf8359a1b2fc6ffe7721a2e3d1001acd9ac59db6ed61?s=96&d=mm&r=pg","url":"https:\/\/secure.gravatar.com\/avatar\/0c74981307dba3f4970cdf8359a1b2fc6ffe7721a2e3d1001acd9ac59db6ed61?s=96&d=mm&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0c74981307dba3f4970cdf8359a1b2fc6ffe7721a2e3d1001acd9ac59db6ed61?s=96&d=mm&r=pg","caption":"Joel Libava"},"description":"I\u2019m The Franchise King\u00ae, Joel Libava. I'm the author of two helpful books on researching and buying a franchise. In addition, I'm a Franchise Ownership Advisor with 20+ years of experience working 1-on-1 with people interested in buying a franchise, safely. Subscribe to my free VIP Franchise Newsletter.","sameAs":["https:\/\/www.thefranchiseking.com","https:\/\/www.instagram.com\/thefranchchiseking1","https:\/\/linkedin.com\/in\/joellibava","https:\/\/in.pinterest.com\/franchiseking\/","https:\/\/www.youtube.com\/JoelLibava"],"knowsAbout":["Franchising"]}]}},"_links":{"self":[{"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/posts\/3607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/comments?post=3607"}],"version-history":[{"count":0,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/posts\/3607\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/media?parent=3607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/categories?post=3607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/tags?post=3607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}