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The Source Tax™ Process
A brief description of the Source Tax™ periodic, quarterly and year-end processes.Each payroll period, you send us your payroll tax summary data and ensure that funds are available to cover the total liabilities.
Next, we collect your tax funds and prepare and file the required deposits.
Each quarter, you send us quarter-end summary totals and employee wage detail. We reconcile your per pay period detail to both QTD and YTD information. Quarterly returns and deposits are prepared and filed on your behalf.
Following quarter-end, you receive your tax statement. Annually, we prepare and file year-end reconciliations and your W-2 data. |
