8-K

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                       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



                               DECEMBER 28, 1999
                Date of Report (Date of Earliest Event Reported)


                        CENTURY BUSINESS SERVICES, INC.
               (Exact Name of Registrant as Specified in Charter)


        DELAWARE                   0-25890             22-2769024
(State or Other Jurisdiction     (Commission         (IRS Employer
   of Incorporation)             File Number)      Identification No.)




                       6480 ROCKSIDE WOODS BLVD., SOUTH
                                   SUITE 330
                             CLEVELAND, OHIO 44131
             (Address and Zip code of Principal Executive Offices)


                                 (216) 447-9000
              (Registrant's Telephone Number, Including Area Code)

                                      N/A
         (former Name or Former Address, if changed Since Last Report)
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ITEM 5.  OTHER EVENTS.

         On December 28, 1999, Century Business Services, Inc. (the "Company")
announced that it has shortened its goodwill amortization period from 40 years
to 15 years on a prospective basis beginning in the fourth quarter of fiscal
1999. The non-cash impact of this amortization change on net income for the nine
months ended September 30, 1999 will be approximately $9.7 million ($0.11 per
diluted share). A copy of the press release is attached as Exhibit 99.10.

ITEM 7. EXHIBITS.

         The following document is filed as part of this report.

         (c)   Exhibits

               99.10 Press Release issued by the Company on December 28, 1999.
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                                   SIGNATURES

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

                                             CENTURY BUSINESS SERVICES, INC.


Date: December 30, 1999                      /s/ Charles D. Hamm, Jr.
                                             -------------------------------
                                             Charles D. Hamm, Jr.
                                             Chief Financial Officer

EX-99.10

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                                                                  Exhibit 99.10


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[Century Business Services Letterhead]


FOR IMMEDIATE RELEASE               CONTACT: DAN CLARK
                                             Vice President, Corporate Relations
                                             Cleveland, Ohio
                                             (216) 447-9000


       CBIZ TO INTEGRATE AND CONSOLIDATE SEVERAL OPERATIONS, ACCELERATING
          ADMINISTRATIVE SAVINGS, SUPPORTING "BRANDING", AND IMPROVING
         CUSTOMER SERVICES; TAKES $25MM TO $30MM PRE-TAX CHARGE IN 4Q99

      CONSOLIDATION EXPECTED TO YIELD ANNUAL PRE-TAX COST SAVINGS OF MORE
                                THAN $15 MILLION

   CBIZ CHANGING GOODWILL AMORTIZATION PERIOD PROSPECTIVELY BEGINNING IN 4Q99

  ACQUISITIONS MADE IN 4Q99 TO ADD MORE THAN $15 MILLION IN ANNUALIZED REVENUE

Cleveland, Ohio (December 28, 1999) -- Century Business Services, Inc.
(NASDAQ:CBIZ) ("CBIZ") today announced a plan to consolidate several of its
offices in its multi-office market locations and open a shared-services center
in Mayfield Village, Ohio (Cleveland). Scheduled for completion during 2000,
these initiatives are expected to generate in excess of $15 million in pre-tax
annual savings. The Company will record $25-$30 million in integration and
consolidation pre-tax charges in the fourth quarter of 1999 to cover the cost of
office consolidation; the elimination of more than 200 positions, including
corporate; and the divestiture of four smaller, non-core business units. The
consolidation will result in an additional integration and consolidation pre-tax
charge of $5 million to $10 million in 2000.

CBIZ's integration and consolidation plan furthers the Company's branding
initiative, which commenced in May 1999. CBIZ's branding campaign is more than
90% complete with CBIZ signs, phones, and stationery utilizing the CBIZ brand
name, creating the "Power of One" across the CBIZ network of offices.

"This is a major step forward for CBIZ," stated Michael G. DeGroote, Chairman
and Chief Executive Officer of CBIZ. "After spending 1997 and 1998 assembling a
network of premier business services firms, we announced in the beginning of
this year our focus on integration and consolidation, and today's announcement
represents a major development of that strategy. While revenue has benefited
from integration efforts thus far through cross-serving, these consolidations
will have a significant impact on cost savings, adding to our bottom line
through increased efficiency, and supporting CBIZ's branding strategy. Most
importantly, putting an array of our services physically under one roof
facilitates customer-centered communications among our service providers and
will improve the quality of the customized services we deliver to our clients."


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CBIZ will initially consolidate 10 of its largest markets where the Company has
acquired multiple companies over the past three years, including its BIZ Centers
in Washington DC, Philadelphia, Atlanta, Kansas City, Colorado, Northern and
Southern California, Cleveland, Chicago, and Texas. CBIZ expects to consolidate
at least 60 office locations, yielding savings through reduced space, lower
systems and equipment costs, and the elimination of redundant positions. The
process has commenced and will be finalized in 2000.

Additionally, as part of its overall integration plan, CBIZ has established a
new, national shared-services facility in Mayfield Village, Ohio (Cleveland).
Within the facility, CBIZ is consolidating the processing of accounts payable,
accounts receivable, general ledger activities, purchasing, and information
systems for CBIZ member companies and later for CBIZ clients. This office will
also serve as the central location for CBIZ's procurement operations, systems
application hosting, and web site hosting.

"In addition to the integration of physical office locations, we are
consolidating several operational functions to regional and national centers of
excellence that can serve our entire client base," commented Fred M. Winkler,
CBIZ's President and Chief Operating Officer. "Examples of this consolidation
include establishing a national tax return processing center and 401(k)
record-keeping centers. These improvements are made possible by leveraging
technology."

Mr. Winkler continued, "The developing and growing CBIZ technology platform
enhances our close client relationships, which are what set CBIZ apart in the
industry. We are positioning our organization and technology systems to better
support this core competency by automating certain functions, through
standardizing and improving our information systems through our LINCS project
(Leveraging Information for a New Century of Service). Building on this
platform, we will take further advantage of the power of the Internet through
utilizing our growing e-Business platform and our e-Procurement initiative."

CBIZ has also announced plans to divest four smaller, under-performing, non-core
operations which the Company acquired in early 1997.

CHANGE IN GOODWILL
The Company has decided to shorten its goodwill amortization period from up to
40 years to 15 years beginning in the fourth quarter of fiscal 1999. Recently, a
potential competitor of the Company that filed a registration statement with the
Securities and Exchange Commission (SEC) for its initial public offering used a
period of 15 years to amortize goodwill. In addition, the SEC has recently taken
the position that the amortization of goodwill of service businesses should not
extend beyond 15 years. Management believes that the Company will benefit by
lessening the disparity in the amortization periods used by the Company and its
competitors, as confusion may arise with investors when evaluating the Company's
financial performance against that of its competitors. Furthermore, the
Financial Accounting Standards Board recently issued an exposure draft that
includes a provision to reduce the period of amortization of goodwill from a
maximum of 40 years to 20 years or less.

In light of the current SEC position and the competitive environment, CBIZ's
Board of Directors today adopted a 15-year goodwill amortization period
commencing in the fourth quarter of 1999. Although the Company's decision will
reduce earnings per share in future periods from the accelerated amortization
schedule, it will not affect earnings before interest, taxes, depreciation, and
amortization (EBITDA), cash flow, or other solid business fundamentals. The
non-cash impact of this amortization change on net income for the three months
ended December 31, 1999 and the year ended December 31, 2000 will be
approximately $4.3 million ($0.043 per diluted share) and $16 million ($0.16 per
diluted share), respectively.


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4Q99 ACQUISITIONS
CBIZ also announced today that it has acquired four business services companies
plus three tuck-in acquisitions. The acquisitions include: VINE STREET PARTNERS,
INC., a business advisory firm specializing in the sale of middle-market
companies located in Chicago, Illinois; BROWNLIE, BRADEN, GOODRICH, PARRISH &
REISINGER, LLC, a financial advisory services company headquartered in Ft.
Worth, Texas; KESSLER & ASSOCIATES, a governmental relations consulting company
located in Washington, D.C.; NEMPHOS WEBER BUSINESS SERVICES, an Ellicott City,
Maryland-based accounting, tax, and advisory company; and the tuck-in
acquisitions of accounting, tax, and advisory companies CAPELL COYNE & COMPANY,
of Los Angeles; Cleveland-based BADEN & LINDEN; and Salt Lake City-based DEWAAL,
KEELER & COMPANY. These acquisitions add to CBIZ more than $15 million in
historical annual revenue.

"During 1999, we have curtailed our acquisition pace and focused on our internal
growth and integration programs," commented Mr. DeGroote. "The strategic
acquisitions we are announcing today are important because they help complete
our service offerings in existing CBIZ markets."

CONFERENCE CALL
CBIZ WILL HOLD A CONFERENCE CALL to answer questions related to issues addressed
in this release on WEDNESDAY, DECEMBER 29, 1999, AT 9:00 A.M. (EST). To
participate in the call, please dial 1-800-230-1059 several minutes before 9:00
a.m. (EST). If dialing from outside the United States, please dial
1-612-332-0819. If you are unable to participate in the call at the scheduled
time, you may listen to a digitized replay by dialing 1-800-475-6701 (or
1-320-365-3844 if dialing from outside the United States). The replay will be
available from noon on December 29, 1999 through midnight, December 31, 1999.
The access code for the replay is 492241.

Recently ranked the seventh-largest accounting company in the country by
Accounting Today, and one of the 100 fastest-growing companies in the nation by
Fortune magazine, Century Business Services, Inc. is a leading provider of
outsourced business services to small and medium-sized companies throughout the
United States. The Company provides integrated services in the following areas:
accounting, advisory, tax, and valuation; benefits administration and insurance;
human resources and payroll; performance consulting; specialty insurance; and
information technology through its CBIZ Interactive division. These services are
provided throughout a network of more than 200 Company offices in 37 states, as
well as through its subsidiary, Century Small Business Solutions, a franchisor
of accounting services with more than 560 offices in 47 states. The Company
services approximately 110,000 business clients, of which approximately 45,000
are serviced through the Century Small Business Solutions network. Management
estimates that its clients employ more than 2.4 million employees, including
400,000 employed by clients of the Century Small Business Solutions network.

Forward-looking statements in this release are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from those projected. Such risks
and uncertainties include, but are not limited to, the Company's ability to
acquire and finance additional businesses; the Company's ability to adequately
manage its growth; the Company's dependence on the current trend of outsourcing
business services; the Company's dependence on the services of its CEO and other
key employees; the Company's ability to adequately estimate its liability
reserves for its insurance businesses; the possibility of market reverses in its
investment portfolios; competitive pricing pressures; general business and
economic conditions; and changes in governmental regulation and tax laws
affecting its insurance


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business or its business services operations. A more detailed description of
such risks and uncertainties may be found in the Company's filings with the
Securities and Exchange Commission.

  For further information regarding CBIZ, call our Investor Relations Office at
      (216) 447-9000 or visit our web site at www.cbiz.com. To receive CBIZ
        press releases via e-mail, please write to PRESSRELEASE@CBIZ.COM.









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