Paycom's Payroll Tax Management is a comprehensive software solution designed to simplify and automate the complex process of managing payroll taxes. It handles tax collection, remittance, and filing, allowing businesses to focus on core operations while ensuring compliance with tax regulations.

Key Features

Automated Tax Collection The software automatically debits payroll taxes when necessary, regardless of company size.

• Timely collection of taxes
• Scalable for businesses of all sizes

Stress-free Tax Remittance Paycom handles tax payments, ensuring they are made on time and accurately.

• Eliminates the need to track IRS deadlines
• Reduces the risk of late payments and penalties

Seamless Tax Filing The software manages both federal and state tax filings, handling quarterly and annual requirements.

• Online filing of all required tax forms
• Covers various tax types, including unemployment taxes

Mid-quarter Integration Paycom can take over tax management responsibilities at any point during the tax year.

• Handles quarterly returns like Form 941
• Manages Form 940 for FUTA compliance

Year-end Processing The software simplifies year-end tax responsibilities.

• Converts and balances year-to-date payroll tax totals
• Facilitates W-2 form distribution

Benefits

Reduced Administrative Burden Paycom takes over the complex tasks of payroll tax management.

• Frees up time for core business activities
• Minimizes the need for in-house tax expertise

Lower Liability By ensuring accurate and timely tax payments and filings, the software reduces the risk of penalties.

• Decreases the chances of compliance issues
• Provides peace of mind for business owners

Increased Accuracy Automation reduces the risk of human error in tax calculations and filings.

• Ensures precise tax deductions and payments
• Minimizes discrepancies in tax reports