Tax Analyst

The Payroll Tax Analyst is responsible for ensuring accurate calculation, reporting, and compliance of payroll taxes at the federal, state, and local levels. This position will play a critical role in processing payroll tax filings, ensuring timely payments, resolving tax discrepancies and tax notices for multiple clients, and maintaining compliance with current payroll tax regulations.

Key Responsibilities :

Payroll Tax Compliance : Ensure the accurate calculation, reporting, and payment of all federal, state, and local payroll taxes.

Tax Filing : Prepare and file payroll tax returns (941, 940, state unemployment, etc.) in a timely manner, ensuring compliance with deadlines.

Tax Payments : Process and reconcile payroll tax payments and ensure payments are made accurately and on time to the appropriate tax authorities.

Wage and Tax Reconciliations : Perform monthly, quarterly, and annual reconciliations of payroll tax accounts, ensuring all discrepancies are identified and corrected.

Tax Audits : Assist with internal and external audits by preparing tax schedules and providing supporting documentation as needed.

Stay Current on Legislation : Monitor changes in payroll tax laws and regulations and ensure compliance with new requirements. Advise management of upcoming changes and their potential impact.

System Maintenance : Work with payroll software and systems to ensure payroll tax tables are updated and reflect current regulations.

Year-End Reporting : Assist with the preparation and filing of W-2s, 1099s, and other year-end payroll tax forms, ensuring accuracy and timeliness.

Employee Assistance : Address and resolve payroll tax issues for employees, including answering questions about tax withholdings and filings.

Process Improvements : Identify and implement improvements to payroll tax processes and systems to enhance efficiency and accuracy.

Technical Skills :

• Strong knowledge of payroll tax regulations (federal, state, and local).
• Proficiency in payroll systems and tax software
• Advanced Excel skills

Key Competencies :

Detail-Oriented : Strong attention to detail to ensure accuracy in payroll tax calculations and reporting.

Analytical : Ability to analyze tax-related data and resolve discrepancies.

Communication : Clear communication skills to address tax issues with employees and management.

Time Management : Ability to meet strict deadlines, particularly during tax filing periods. Ability to work independently and as a team. Ability to manage multiple deadlines.

Problem Solving : Ability to proactively identify and resolve tax issues.

Qualifications :

Education : Associate’s degree in accounting, Finance, or a related field, preferred

Experience : 2-4 years of experience in payroll tax compliance or a related field, preferred