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Paychex and CPA2Biz Extend AICPA Partner Program For Additional Five Years

May 1, 2006
Rochester, New York
Paychex has been preferred payroll provider of AICPA Business Solutions since 2003; will also be preferred provider of retirement plan services for CPAs' clients under terms of extension

The success of the Paychex Partner Program from AICPA Business Solutions has resulted in the extension of the relationship for five additional years. The contract will now run through September 2011. The value-add program for CPAs was initially launched in late 2003 when Paychex was named the preferred provider of payroll services for CPAs' clients by CPA2Biz, the marketing and technology subsidiary of the American Institute of Certified Public Accountants (AICPA).

With the extension of the partnership, the program will be expanded to also designate Paychex, a leading provider of payroll and human resource services, as the preferred provider of retirement plan services for CPAs' clients. Paychex 401(k) Recordkeeping services were added to the program offerings in May 2005; the preferred provider designation affirms for CPAs 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," said Walter Turek, senior vice president of sales and marketing for Paychex. "The combined credibility of Paychex, CPA2Biz and the AICPA provides valuable confirmation of the quality and service CPAs can expect from this program."

Beyond advising clients on payroll-related services, CPAs have long been known for the critical guidance they provide clients at each stage of the financial lifecycle, i.e. home ownership, college savings, estate planning, etc. However, as today it is widely held the average person is living longer and saving less, Erik Asgeirsson, president and chief executive officer, CPA2Biz, notes, "there's now a call to action for CPAs to play an even more active role."

"CPAs are well suited to help millions of Americans secure a better financial future," Asgeirsson continued, "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 out in front on these discussions, and we believe we have the right partner and the right program to help them do just that."

Paychex's new designation as preferred provider of retirement plan services for the partner program provides an expanded opportunity to bring the company's growing portfolio of retirement plan products to the CPA community.

"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 Tortorella, 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."

Enrollment Update
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. CPAs may enroll with the help of their Paychex sales representative; by calling 1-877-264-2615; or by visiting www.cpa2biz.com/BusinessSolutions.

About Paychex
Paychex, Inc. (NASDAQ:PAYX) is a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses. The company offers comprehensive payroll services, including payroll processing, payroll tax administration, time and attendance solutions and employee pay services, including direct deposit, check signing, and Readychex®. Human Resource Services include 401(k) plan recordkeeping, workers' compensation administration, section 125 plans, a professional employer organization, and other administrative services for business. Paychex was founded in 1971. With headquarters in Rochester, New York, the company has more than 100 offices and serves approximately 522,000 payroll clients nationwide. For more information about Paychex and our products, visit www.paychex.com.

About CPA2Biz

CPA2Biz is a subsidiary of the American Institute of Certified Public Accountants (AICPA), and provides marketing and technology services to the AICPA for its wide array of products and services, such as continuing education, conferences and professional literature. CPA2Biz also develops and manages client-focused business solutions programs (e.g. payroll, banking) that enable CPAs to build stronger relationships with their business clients or employers. For more information, visit www.cpa2biz.com.

About the American Institute of CPAs

The American Institute of Certified Public Accountants is the national, professional association of CPAs, with approximately 330,000 members, including CPAs in business and industry, public practice, government, and education. It sets ethical standards for the profession and U.S. auditing standards for audits of private companies; federal, state and local governments; and non-profit organizations. It also develops and grades the Uniform CPA Examination.

Media Contacts:

For Paychex:
Becky Cania
Public Relations Program Manager
Paychex, Inc.
(585) 387-6337 
bcania@paychex.com

For CPA2Biz:
Pamela Johnston
Public Relations Representative
PJ, Inc
(212) 629-8445
Pamela@pjinc.net

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