Payroll Tax Compliance Services
Streamline payroll tax processes to lower internal costs, eliminate tax overpayments and increase compliance.
Our payroll tax professionals are leaders in the industry and provide strategic tax consulting to guide our clients through the complex environment of federal, state and local payroll taxes.
We work hard to ensure all our services utilize “best-in-class” technology, maintain high level security protocols, avoids unnecessary disruptions to both internal processes and third-party payroll providers and provides constant and meaningful updates on a regular basis. A brief overview of our standard services is provided below for reference. Please fill out the form below if you are interested in learning more.
- Account compliance
- Consulting
- Lookback
- Merger & Acquisition
- Web payroll & tax solutions
Seven Strategies to Reduce Payroll Tax
Employers must navigate through a complex environment of federal, state and local payroll taxes. It’s an ongoing challenge to reduce payroll tax liability and internal costs, but it’s especially important to re-evaluate now as 2023 closes out and planning is underway to boost EBITDA in 2024. In this webinar, you will learn seven strategies to reduce your payroll taxes in order to help you streamline your tax processes, eliminate overpayments and increase compliance.
Payroll Tax Account Compliance Services
It can be challenging to properly maintain federal and state payroll tax accounts, especially during periods of expansion or significant employee growth. Our Payroll Tax Account Compliance Services help employers prepare and file the following tax forms: account registration, account update, account closure, SUI succession/transfer, etc. Our industry-leading payroll tax succession software allows us to operate quickly and efficiently all while providing real-time updates to the client through an interactive portal.
Payroll Tax Consulting Services
The diverse rules and filing requirements for each distinct tax type makes the overall payroll taxes ecosystem inherently complex. Our Payroll Tax Consulting Services help employers navigate complex issues, support the payroll tax process, and/or resolve payroll tax issues on an as-needed basis. Such issues may include, but are not limited to, the following: remote work, nonresident withholding, tax forms/amendments, tax notices/inquiries, penalty abatements, internal policies/processes, etc. These services are designed to supplement, not replace, your existing payroll tax provider.
Payroll Tax Lookback Services
Payroll tax is a primary revenue source for federal and state governments. However, many employers cannot give payroll the attention it demands and, as a result, frequently leave room for tax refunds and cost-saving opportunities. Our Payroll Tax Lookback Services are designed to broadly identify and help secure such benefits in the following areas: M&A review, SUI tax optimization, earning and deduction code review, federal and state transcript scrubs, penalty abatements, retroactive employee tax credit, and other miscellaneous issues. This type of lookback review can generate significant “above-the-line benefits” and serve as an overall health check for the payroll tax function as a whole.
Payroll Tax Merger & Acquisition Services
The payroll tax issues arising in a merger or acquisition are time-sensitive, complex, and potentially costly. Our Payroll Tax Merger & Acquisition Services can help navigate such complexity, alleviate the compliance burden on internal teams and identify and secure potentially significant cost-saving opportunities. Our Payroll Tax Merger & Acquisition Services include, but are not limited to, the following: federal and state successor analysis/implementation, account compliance services, due diligence review, earning & deduction code standardization, and payroll tax process harmonization. Our industry-leading payroll tax succession software allows us to prioritize tasks, monitor overlapping processes/priorities, and streamline state and local reporting while regularly providing our clients with real-time updates.
State Unemployment Tax Services
Unemployment taxes are unique as it is the only payroll tax with a “controllable tax rate” (i.e., your turnover and compliance history have a direct impact on your assigned tax rate). Employers should focus on reducing or maintaining their state unemployment tax rates from year to year. Our State Unemployment Tax Services can help with services including, but not limited to: tax rate confirmations, tax rate projections, compliance audits, voluntary contribution / joint account reviews, benefit charge reviews, experience rate transfer reviews, and wage base duplication.
“Best in class” technology
We maintain high-level security protocols for all our services to protect your data. Our systems avoid unnecessary disruptions to internal processes and third-party payroll providers for a seamless experience. Constant and meaningful updates ensure you experience the highest quality web payroll & tax solutions.
Automate Your Filings
Filing payroll taxes can be a time-consuming and complicated process. Automating your payroll taxes is a simple way to save time and money. Our payroll tax services make it easy to streamline your payroll tax process, so you don’t have to complete each IRS form by hand manually.
Our easy-to-use software allows teams to complete necessary tasks with a few clicks while checking for errors and mistakes that can cause delays or inaccurate reports. With more time, your team can allocate more resources to other areas of your business to increase your bottom line.
Accurate Reporting
When it comes to payroll and tax services, submitting accurate reports is essential. A wide range of errors and mistakes can result in penalties, fines, and fees, such as missing or incorrect information, filing late, submitting the wrong amount of payroll taxes, misclassifying employees, and more.
Experian Employer Services’ intuitive tax and payroll services ensure error-free reporting to spot mistakes before filing. This way, you can have peace of mind knowing you’re remaining compliant throughout the entire process.
Why Choose Experian for Payroll Tax and Employment Tax Services
As you look for payroll tax preparation services, you want to ensure you find a provider by your side every step of the way. Experian Employer Services offers robust payroll and tax services, so your company can streamline its processes to boost efficiency, employee satisfaction, and its bottom line.
Some reasons why our clients turn to us for tax and payroll services include:
- Customer Support: You never know when an issue can arise. Our team of experts is ready to answer any question or concern that may pop up. Whether you’re having trouble calculating your payroll taxes or verifying employee information, our team can help.
- Innovative technology: Our suite of tools is best-in-class, using the latest software and technology to improve efficiency and effectiveness. From keeping private data secure to continually updating our systems, you and your team can enjoy premier service.
- Attention to detail: The last thing any organization wants is to face penalties, fines, or an audit. Teams turn to us for their payroll tax preparation services because of our keen attention to detail. Our software can easily spot mistakes and errors that can result in penalties, so you can remediate any issues before they become larger problems.
- Analytics tools: Organizations of all types and sizes benefit from our analytics tools that allow your teams to examine data to make informed decisions. This way, organizations can better understand their tax performance compared to other organizations and make accurate forecasts of their future tax liabilities.
These are just some of the many reasons why companies turn to Experian Employer Services for payroll tax services. Schedule your demo today to see how you can benefit from our premier services.
Additional Products to Consider
In addition to payroll tax preparation services, we offer a wide selection of products to help organizations improve their workflow. Some related products that can help increase the efficiency of your workforce management include:
- Tax Credit Service: There are several tax credits that your organization may be eligible for to save money. Experian Employer Services’ tax credit solution helps organizations maximize their potential return with the following tax credits: Work Opportunity Tax Credit (WOTC), Employee Retention Tax Credit (ERC), Disaster Zone Tax Credit, and the Family Medical Leave Act Tax Credit.
- Year-End Payroll Reports and Tax Statements: Preparing for the year-end tax season can be stressful. Experian Employer Services helps reduce your workload by taking care of manual tasks. With our year-end payroll and tax management services, you can deliver multiple tax statements on one form, increase the efficiency of your payroll team, and ensure your year-end statements are compliant.
- Tax Withholding Compliance Solutions: With our tax withholding compliance solutions, you can ensure employees complete local, state, and federal tax forms correctly, track tax information for your remote workforce, auto-apply local income tax to employees working in different jurisdictions, and more. Remaining compliant with payroll taxes has never been easier.
What is Form 941?
IRS Form 941, Employer’s Quarterly Federal Tax Return, is a federal tax document employers use to report income taxes, Social Security taxes and Medicare taxes they withhold and deposit from their employees’ paychecks. In this guide, we break down what Form 941 is, its deadline, recent updates and how a payroll tax service can help ensure compliance.
Form W-2 vs Form 1099 – Understanding the Differences
Form W-2 and Form 1099 are important tax documents used to report income. Employers issue Form W-2 to employees on their payroll to report wages, salary and other compensation paid to employees with information on federal and state income taxes withheld. Employers use Form 1099 to report payments made to nonemployees, such as independent contractors and freelancers. Here, we explore the differences between these two tax forms and ways payroll tax management services can help ensure these forms are filed correctly.
Changes to 2023 Form W-2
Form W-2, Wage and Tax Statement, is provided by employers to employees and gives employees the information they need to include on their income tax forms. However, the IRS may make updates at the start of each tax year, which can cause confusion among employers and employees. In this article, we provide information on the latest changes to the 2023 Form W-2 so you can ensure you comply with the latest regulations.
Form 945 – Annual Return of Withheld Federal Income Tax
Form 945, Annual Return of Withheld Federal Income Tax, is a key tax form used to report all non-payroll taxes withheld, such as taxes from gambling winnings, pensions, annuities, IRAs, and other deferred income. In this guide, you will learn more about who must file Form 945, the instructions for completing this form, recent updates to Form 945 and how tax and payroll services can assist with completing this form.
Electronic Filing Threshold Reduction and Valuation of Digital Assets: Updates from the SSA/IRS Reporter
Digital assets, such as cryptocurrencies and NFTs, have gained popularity in recent years, and with their rise come new developments in the tax landscape. In this blog, our experts unpack two recent articles published by the IRS on new rules that lower the electronic filing threshold that begins in 2024 and its memo on valuating digital assets. Learn more about these updates here.
Preventing Payroll Tax Penalties
Failing to fulfill your payroll tax obligations can result in a wide range of penalties and fines that not only dig into your bottom line but can tarnish your reputation and lower employee satisfaction. Here, we explain how you can prevent payroll tax penalties, such as meeting deadlines, keeping accurate and organized records, monitoring the latest IRS announcements and how a payroll tax service like Experian Employer Services can keep you in compliance.
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