Bain & Company - Boston, MA
posted 3 months ago
As a Global Payroll Specialist, you will play a crucial role in managing payroll processes for international employees subject to US income tax. Your primary responsibilities will include ensuring accurate US federal and state wage reporting and tax withholding, preparing payroll calculations for tax protection payments, and maintaining compliance with internal policies and regulatory requirements. You will collaborate closely with foreign office payroll and finance staff to input payroll data into the in-house payroll system, ensuring that all necessary information is accurately recorded and reported. This position requires a strong understanding of US tax rules and regulations, as well as the ability to research and resolve complex pay issues. You will also be responsible for preparing and reconciling federal and state payroll tax deposits, quarterly and annual employer tax returns, and W-2 forms for international offices. Your expertise in payroll and tax compliance will be essential in responding to inquiries from the IRS and state taxing authorities, as well as in analyzing non-cash fringe benefits provided to international employees. Additionally, you will utilize Excel-based models to calculate estimated US tax rates for inbound and outbound employee transfers, ensuring that all calculations are communicated effectively to international offices. This role requires a high level of organizational skills, attention to detail, and the ability to handle confidential information professionally. You will also be expected to perform other duties and special projects as assigned, demonstrating your flexibility and commitment to the team's success.