improve tax strategy and compliance

The current employment tax landscape presents businesses with numerous challenges at the federal, state, and local levels. Recent changes in federal and state payroll tax provisions and a national increase in remote workers have caused many businesses to ask new questions and re-evaluate their historical employment tax compliance methodologies.

Due to the significance of these changes, as well as increased enforcement by tax authorities, it is essential that employers consider ways to improve tax strategy and compliance with respect to their payroll, compensation, and benefits functions.

At Elliott Davis, the employment tax specialists on our State and Local Tax team can help your business navigate the complexities of payroll, compensation, and benefits taxation. Our experience with employers of all sizes across a multitude of industries allows us to provide custom employment tax solutions specifically tailored to the needs of your business.

Please note that Elliott Davis does not provide payroll compliance services. However, we have partnered with several firms and can provide referrals as needed.

solution overview

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our technology stack

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Here’s how we can help

  • Determining state income tax withholding & unemployment insurance obligations for employees that work in multiple states
  • Federal, state, and local payroll tax and/or unemployment account registrations
  • Assessing effectiveness of payroll processes and evaluating related employment tax compliance risk
  • Analyzing Federal and state tax treatment of fringe benefits provided to employees
  • Reviewing payroll earning and deduction codes to identify potential compliance gaps
  • Verifying information return reporting requirements for employee wage and tax amounts
  • Providing guidance regarding taxation of employee benefit plans
  • Amended payroll tax filings to claim the Employee Retention Credit
  • Resolving employment tax Notices issued by Federal and state tax authorities
  • Assistance with Federal and state employment tax audits

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The Model

Level 1 - Foundational

Consists of 17 practices and included an annual self-assessment.

Level 2 - Advanced

Consists of 100 practices of the NIST 800-171 and requires certification by a C3PAO.

Level 3 - Expert

Consists of 110+ practices of the NIST 800-171 and is currently in development. Certification will be led by government assessments.

Our Solutions

Our team of professionals collaborate with customers to:

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Develop company specific accounting solutions, ranging from general ledger bookkeeping and analysis to comprehensive accounts preparation to full-service outsourced CFO support.

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Identify areas for financial, operational, and procedural improvement throughout the organization.

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Anticipate future evolutions in the market and develop forward-looking strategies that drive greater efficiency and increase profitability.

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An independent firm associated with Moore North America.

In today’s global marketplace, you need guidance on diverse issues in diverse markets. Elliott Davis offers our customers access to national and international resources through our association with Moore, one of the world’s largest CPA firm associations with resources in every major market around the globe. That means no matter where your business takes you, Elliott Davis has resources already there and available to assist your needs. More information is available on our International practice page.

Elliott Davis is an independent member firm of Moore North America (MNA). MNA is a regional member of Moore Global Network Limited (Moore Global). All the firms associated with MNA are independent entities, owned and managed in each location. Their membership in, or association with, MNA should not be construed as constituting or implying any partnership between them.

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Every industry has its own nuances. We take that into consideration and approach business solutions with the specific lens required of your field. Our teams are comprised of talent with relevant experience and we’re prepared to meet every challenge.

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