Td Securities USA - Falmouth, ME
posted 29 days ago
The Payroll Tax Specialist is a crucial role within the Payroll Department, responsible for processing tax-related functions and ensuring compliance with various regulations. This position involves the timely processing of payroll tax and general ledger activities, adhering to bank policies and federal, state, and local regulations. The specialist will perform payroll tax analysis duties, which include reconciling quarterly tax information and collaborating with tax agency representatives to resolve outstanding issues. Additionally, the role requires researching tax tracers and notices, creating and modifying reports as necessary, and generating standard and ad hoc reports for management review and analysis. The Payroll Tax Specialist will coordinate the maintenance of payroll records and reports, including the generation of W-2s and other regulatory reports, ensuring accuracy and adherence to compliance requirements. The role may involve working with state personnel and payroll vendors to resolve escalated issues and supporting acquisition activities by setting up location codes, notifying state agencies, auditing reports, and addressing unusual and non-routine issues. Routine duties include reconciling the general ledger and tax reports, monitoring audit reports, and collaborating with payroll processors to ensure proper adjustments to transactional work. This position requires maintaining current knowledge of payroll processes and procedures, developing and implementing solutions to recurring issues, and interacting with various employees across functional areas to resolve issues and develop effective solutions. The Payroll Tax Specialist will also respond to inquiries from management regarding payroll issues and research these inquiries through various data retrieval methods.