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Payroll Tax Analyst
Company | 3M |
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Location | Woodbury, MN, USA |
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Salary | $109202 – $133469 |
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Type | Full-Time |
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Degrees | Bachelor’s |
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Experience Level | Junior, Mid Level |
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Requirements
- Bachelor’s degree (completed and verified prior to start) from an accredited university and a minimum of two (2) years’ experience in Payroll, Human Resources, and/or Finance in a private, public, government or military environment.
- OR High School degree/GED (completed and verified prior to start) and a minimum of six (6) years’ experience in Payroll, Human Resources, and/or Finance in a private, public, government or military environment.
- Strong understanding of US and Canada federal, state (multi-state payroll tax), province and local payroll tax regulations and reporting requirements.
- Proficiency in payroll software (e.g., ADP SmartCompliance, Workday) and Microsoft Office Suite, particularly Excel.
- Excellent analytical and problem-solving skills.
- Strong attention to detail and organizational skills.
- Ability to work independently and manage multiple tasks simultaneously.
- Strong communication skills, both written and verbal.
Responsibilities
- Ensuring compliance with federal, state, provincial, and local payroll tax regulations by utilizing a third-party vendor to manage all tax preparations, ensuring accuracy and timeliness, including the preparation of year-end tax statements.
- Analyzing payroll tax data to ensure accuracy and identify any discrepancies. Conduct regular audits of payroll tax records and resolve any issues that arise.
- Vendor billing reconciliation to actual charges as well as resolving any tax account discrepancies.
- Staying informed about changes in payroll tax laws and regulations. Implement necessary changes to payroll processes to maintain compliance.
- Working closely with HR, Finance, and IT departments to ensure seamless payroll processing and integration of payroll tax data (including stock integrations).
- Assist in internal and external audits related to payroll taxes. Provide necessary documentation and respond to inquiries from auditors and tax authorities.
- Supporting the maintenance and enhancement of payroll systems to improve efficiency and accuracy in payroll tax processing.
Preferred Qualifications
- Certified Payroll Professional (CPP) designation.
- Partnering with ADP on preparing and filing payroll tax returns, analyzing payroll tax data, and collaborating with various departments to ensure accurate and efficient payroll tax processing.
- Handling communications with outside federal, state and local jurisdictions/authorities, as required, on related tax remittances, filing issues and governmental notices.
- Updating employee earnings for fringe benefits and other miscellaneous employee updates including acquisition transactions.
- Handling year-end tax administrative duties, stock option processing, and projects as assigned.