The Payroll Tax Analyst is responsible for all the state and federal tax deposits, filings, and reporting for all U.S. Client manual, non-manual, and expatriate employees. Will also perform similar functions for Canadian national employees and for expatriates working in Canada. The position requires strong judgment and resourcefulness to resolve problems when solutions may not be obvious.
Job Responsibilities:
- Uploading and daily processing of tax files from the various payrolls into tax software.
- Collection of payroll tax downloads, balancing of payroll tax data, and processing deposits timely from multiple sources.
- Perform detailed analysis and quarterly/yearly reconciliation of payroll tax unit balances and payments made/due.
- Preparation of federal, state, and local income tax returns, state unemployment tax returns, and prior quarter/year-end adjustments.
- Prepare any amended federal, state, or local returns, as necessary.
- Preparation and filing of all annual tax returns for both the US and Canada, including W2s, Form 940, federal and state electronic media, T4 slips, and RL1 slips.
- Maintain all state unemployment rate information and communication of rate updates to our tax vendor and all payrolls as applicable.
- Understand and analyze state and federal tax withholding, deposit methods/due dates, and reporting requirements.
- Maintain company information and rates in Tax Gathering System (TGS) and MasterTax records.
- Prepare and submit daily journal entries to book tax payments utilizing Oracle Financials.
- Review and respond to general ledger balance inquiries for payroll tax accounts.
- Work with HR personnel to determine when a new unemployment tax account is needed.
Skills:
- Demonstrated ability to perform research, analysis, reconciliations, and critical thinking skills for offering solutions to unique tax scenarios.
- Strong written and verbal communication skills.
Education/Experience:
- BA/BS Degree in a related field or in lieu of a degree, 3 years of related experience.
- Preferred: Experience with SAP HCM and expatriate payrolls. Familiar with journal entry process in Oracle Financials. Knowledge of Client’s general ledger and chart of accounts.
