As a young man Thomas Golisano watched his parents go bankrupt this prompted him to return to school and get his Associate Degree in business from to SUNY College of Technology. Thomas Golisano worked for several years as a sales representative for Burroughs Corp. and at the regional office of Electronic Accounting Systems Inc. as a payroll processor. While at Electronic Accounting Systems Inc., Mr. Golisano developed his idea of providing payroll services for businesses with 100 or fewer employees. After EAS twice turned down the idea, Golisano left in 1971 to start Paymaster-the future Paychex.
It took him four years to break even and five years to 300 clients. During that period, Golisano and Paychex lived on dedication and help from friends and family and borrowing from credit cards to make ends meet.
Headquartered in Rochester, New York Paychex is a leading provider of payroll, human resource, benefits outsourcing services for small businesses. Most of Paychex’ clients average a number of 17 employees. They hope to expand to more medium size companies and eventually larger companies. The company offers comprehensive payroll services, including payroll processing, payroll tax administration, and employee pay services, including direct deposit, and check signing. They have more than 100 office locations across the United States and four offices in Germany. The company staffs more than 12,000 employees who serve approximately 572,000 clients, making it the second-largest payroll accounting firm in the US after Automatic Data Processing. The company’s main goal is to make outsourcing easy and affordable for small business owners.

The services they offer are as follows:
• administrative services for business
• 401(k) plan recordkeeping
• health insurance
• workers’ compensation administration
• section 125 plans
• a professional employer organization