Role Description
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
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Payroll Tax Compliance: Ensure the accurate calculation, reporting, and payment of all federal, state, and local payroll taxes.
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Tax Filing: Prepare and file payroll tax returns (941, 940, state unemployment, etc.) in a timely manner, ensuring compliance with deadlines.
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Tax Payments: Process and reconcile payroll tax payments and ensure payments are made accurately and on time to the appropriate tax authorities.
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Wage and Tax Reconciliations: Perform monthly, quarterly, and annual reconciliations of payroll tax accounts, ensuring all discrepancies are identified and corrected.
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Tax Audits: Assist with internal and external audits by preparing tax schedules and providing supporting documentation as needed.
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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.
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System Maintenance: Work with payroll software and systems to ensure payroll tax tables are updated and reflect current regulations.
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Year-End Reporting: Assist with the preparation and filing of W-2s, 1099s, and other year-end payroll tax forms, ensuring accuracy and timeliness.
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Employee Assistance: Address and resolve payroll tax issues for employees, including answering questions about tax withholdings and filings.
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Process Improvements: Identify and implement improvements to payroll tax processes and systems to enhance efficiency and accuracy.
Qualifications
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Education: Associateβs degree in accounting, Finance, or a related field, preferred.
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Experience: 2-4 years of experience in payroll tax compliance or a related field, preferred.
Technical Skills
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Strong knowledge of payroll tax regulations (federal, state, and local).
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Proficiency in payroll systems and tax software.
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Advanced Excel skills.
Key Competencies
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Detail-Oriented: Strong attention to detail to ensure accuracy in payroll tax calculations and reporting.
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Analytical: Ability to analyze tax-related data and resolve discrepancies.
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Communication: Clear communication skills to address tax issues with employees and management.
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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.
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Problem Solving: Ability to proactively identify and resolve tax issues.
Benefits
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Impact: Your work will influence millions globally.
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Growth: Continuous learning and career development opportunities.
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Belonging: A culture that celebrates diversity and empowers every individual.
What to Expect from Our Hiring Process
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Application review β we assess your experience and potential.
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Initial call β a short conversation to learn about you and share more about the role.
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Skills assessment β tailored to the position, e.g. case study, coding challenge or portfolio review.
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Final interview β meet the team and explore how you'll make an IMPACT at IRIS.