Accurate Tax firm has a constantly developing extensive payroll compliance audit
program. Our separate staff of payroll compliance auditors, residing in our offices, is
specifically dedicated towards performing the audit services.
We have developed our services by obtaining a deep understanding of the status quo
and local laws. We are also aware of Taft-Harley Plans, which amplifies our services.
Payroll audit is an analysis of a corporation’s corresponding payroll processes. It
recognizes compliance problems regarding employment laws, verifies tax withholdings,
points out human errors, and keeps payroll scam at bay. Therefore, it is significant to
frequently perform a payroll audit.
According to The Employee Retirement Income Security Act of 1974 (ERISA), all
employee legally requires benefit plan administrator to collect the contributions which
are due to the respective fund. Any lawless contribution is deemed as a prohibited
advance of credit to a party-in-interest to ensure your organization is completely legally
compliance.
Note: Get the Best Payroll Compliance Audit Services Near Me
The U.S. Department of Labor Prohibited Transaction Class Exemption 76-1 exempts
extension, settlement, or non-collection of delinquent contributions from being regarded
as prohibited. This statement only holds true if a reasonable, systematic, and diligent
effort is made in collection of the contributions. Payroll compliance audits are generally
seen as a perfect fit for compliance with the class exemption.