Sr. Payroll Tax Accountant
Chicago, IL
Full Time
Chicago, IL
Full Time
or
SENIOR PAYROLL TAX ACCOUNTANT
Summary
The Payroll Tax Accountant is responsible for performing accounting and tax functions related to preparing, analyzing, maintaining, and reviewing various payroll tax returns, general ledger balances, financial records and reports, and financial statements in compliance with government regulations.
Essential Functions
- Prepare and timely file all payroll tax returns and payments, including federal, state, and local tax withholding, social security taxes, and unemployment taxes for the US.
- Maintain tax rate information and communicate updates to payroll and IT.
- Assist the Director of Tax on all payroll tax examinations, including the gathering of information, document requests, analyzing proposed adjustments, and other related duties.
- Assist the Director of Tax in resolving and responding to notices from tax authorities.
- Team with Accounting and Payroll Departments to identify and correct any errors related to the filing of payroll tax returns.
- Reconcile payroll taxes to the general ledger
- Prepare and File payroll reports 940/941s and W-2s
- Provide back-up for the Director of Tax in the review of the daily cash reports.
- Assist with the preparation of work papers for the company’s tax return.
- Approve outgoing wire and Automated Clearing House (ACH) payments.
- Perform other duties and projects as assigned.
Qualifications
- Requires a Bachelor’s Degree in Accounting, Finance, Business Administration, or equivalent experience
- Minimum of 5+ years of experience in Payroll Tax filing.
- High degree of attention to detail and conscientiousness with a high level of accuracy is a must to prevent company exposure to tax penalties/assessments, and to ensure a high degree of compliance with federal, state, and local payroll tax regulations.
- Strong communication, interpersonal skills, and strong knowledge in Excel (VLOOLUP, Pivot Tables) Adobe applications, Lotus Notes, and AS400
Work Environment
- General Office Setting
Salary Range: $90,000-$120,000
Benefits:
- Medical Insurance
- Prescription Drug Plan
- Dental/Vision Insurance
- Employee Incentive Plan
- Flexible Spending Account
- Cash Accumulation Plan-401K
- Life/AD&D Insurance
- Short- Term/Long-Term Disability
- Vacation Plan
- Paid Holidays
- Employee Assistance Program
- Adoption Assistance Program
- Tuition Reimbursement
- Maternity/Paternity Leave
- Pet Insurance
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