Payroll Tax Manager
TruistAbout the role
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Regular or Temporary:
RegularLanguage Fluency: English (Required)
Work Shift:
1st shift (United States of America)Please review the following job description:
Manage the payroll tax process and the prompt reporting of payroll tax liabilities, including deposits and returns in compliance with governmental laws and within required timetables and deadlines to avoid any penalties and maintain credibility with taxing authorities.***This is not a remote opportunity. Must have the capacity to work 4 days in office.*****
ESSENTIAL DUTIES AND RESPONSIBILITIES
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
1. Maintain extensive knowledge of tax regulations for federal, state, and local agencies and their application to all Truist tax entities. Use knowledge of Workday payroll to ensure tax withholdings are set up correctly in system and accurately deducted and reflected on the teammate's check.
2. Manage multi-site/state preparation of all payroll reporting to governmental agencies including responsibility for overseeing resolution of complex payroll tax inquiries from the Internal Revenue Service, Social Security Administration, state governmental agencies and other agencies.
3. Oversee the annual preparation of W-2s to ensure accuracy of timeliness of reporting to employees, third parties, and governmental agencies.
4. Manage the preparation of monthly, quarterly, and annual tax reporting for all governmental agencies thorough our third party provider, ADP.
5. Set up reporting agency structure within third party database together with IRS compliance letters for new and existing corporate entities. Manage third party tax vendor relationship.
6. Oversee the payments via reverse wire transfers to governmental agencies using knowledge of tax regulatory procedures.
7. Lead research and the resolution of notices from the IRS and/or state taxing authorities in a timely manner.
8. Conduct research through tax reporting service to determine tax law application to all types of compensation payments.
9. Assign resources to update employee wage and tax balances for stock options, relocations and other miscellaneous adjustments and maintain accurate ledger of all payroll payments and deductions.
10. Direct team in testing system modifications to ensure accurate tax reporting processes.
QUALIFICATIONS
Required Qualifications:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. Bachelor's degree or equivalent education and related training or experience
2. 6 years of professional expertise
3. 3 years of payroll experience, including supervisory or management experience with an in-depth knowledge of payroll tax and regulatory reporting requirements
4. Ability to read and interpret complex documents, such as tax guidelines
5. Demonstrated leadership experience (ability to supervise, mentor, train, and develop a team) as well as the ability to manager diverse resources in a deadline-driven environment
6. Ability to interpret internal and external business challenges and implement best practices to improve products, processes, or services
7. Excellent written and verbal communication skills
8. Strong understanding of accounting principles and methods
9. Ability to deal with and resolve problems effectively under pressure
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