8-K

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                             ----------------------


                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

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Date of Report (Date of earliest event reported)       August 9, 2004
                                                       --------------



                         CENTURY BUSINESS SERVICES, INC.
                         -------------------------------
             (Exact name of registrant as specified in its charter)


          Delaware                                          22-2769024
          --------                                          ----------
State of other jurisdiction of                       (I.R.S. Employer
incorporation or organization)                      Identification No.)


                                     0-25890
                                     -------
                            (Commission File Number)


                   6480 Rockside Woods Blvd., South, Suite 330
                              Cleveland, Ohio 44131
                    (Address of principal executive offices)
                                   (Zip Code)
       Registrant's telephone number, including area code (216) 447-9000.






Item 5.  Other Events

         On August 11, 2004, Century Business Services, Inc. (CBIZ) announced
that it has entered into a new $100 million credit facility effective August 9,
2004, (rather than August 6, as stated in the press release). The new credit
facility has a five-year term, an option to increase to $125 million, and was
led by Bank of America, as agent bank for a group of five participating banks.
The new credit facility replaces an existing $73 million facility and provides
CBIZ with additional operating flexibility to fund seasonal working capital and
general corporate needs, acquisitions, and the repurchase of company shares. The
new facility will also reduce the company's borrowing costs.


         The Press Release announcing this event is also attached as an Exhibit.


Item 7.  Exhibits

             99.5     Press Release dated August 11, 2004.

SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                       CENTURY BUSINESS SERVICES, INC.



Date:    August 11, 2004               /s/ Michael W. Gleespen
                                       -----------------------
                                       Michael W. Gleespen
                                       Corporate Secretary

EX-99.5

                                                                    Exhibit 99.5

FOR IMMEDIATE RELEASE                CONTACT: LORI NOVICKIS
                                              Corporate Relations
                                              Century Business Services, Inc.
                                              Cleveland, Ohio
                                              (216) 447-9000


                CBIZ ENTERS INTO NEW $100 MILLION CREDIT FACILITY

Cleveland, Ohio (August 11, 2004)--CBIZ (Century Business Services, Inc.)
(Nasdaq: CBIZ) today announced that it has entered into a new $100 million
credit facility effective August 6, 2004. The new credit facility has a
five-year term, an option to increase to $125 million, and was led by Bank of
America, as agent bank for a group of five participating banks. The new credit
facility replaces an existing $73 million facility and provides CBIZ with
additional operating flexibility to fund seasonal working capital and general
corporate needs, acquisitions, and the repurchase of company shares. The new
facility will also reduce the company's borrowing costs.

"This new credit facility underscores the continuing progress CBIZ has made over
the past several years. We have been able to fund our operating needs, increase
profitability, and strengthen our balance sheet. Over the past 24 months, we
have made seven strategic acquisitions that have strengthened our presence in
the markets we serve," said Steven L. Gerard, Chairman and Chief Executive
Officer. "In addition, within the past year, CBIZ has concluded two tender
offers and has repurchased approximately 18% of its own common stock at a cost
of $73 million. Our cash flow has been very strong, and this new credit facility
will provide increased flexibility for CBIZ as we address our growth
opportunities and our capital structure going forward," continued Gerard.

CBIZ is a provider of outsourced business services to small and medium-sized
companies throughout the United States. As the largest benefits specialist and
one of the largest accounting, valuation and medical practice management
companies in the United States, CBIZ provides integrated services in the
following areas: accounting and tax; employee benefits; wealth management;
property and casualty insurance; payroll; IS consulting; and HR consulting. CBIZ
also provides valuation; litigation advisory; government relations; commercial
real estate advisory; wholesale life and group insurance; healthcare consulting;
medical practice management; worksite marketing; and capital advisory services.
These services are provided throughout a network of more than 160 Company
offices in 34 states and the District of Columbia.


   For further information regarding CBIZ, call the Investor Relations Office
                    at (216) 447-9000 or visit www.cbiz.com.