Processes

Capture and report relevant tax data

How capture and report relevant tax data are reshaped as AGI capability advances.

ProcessesCapture and report relevant tax data
Capture and report relevant tax data — illustrated

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How the work flows

Trigger: A payroll processing cycle completes or a statutory tax reporting period ends.

  1. Extract earnings and tax withholding records from payroll systems
  2. Reconcile withheld amounts against gross pay and statutory tax tables
  3. Prepare consolidated periodic tax filings for government agencies
  4. Generate individual employee tax statements
  5. Submit filings and payments to federal, state, and local tax authorities
  6. Distribute tax documents to employees
  7. Archive reports and transaction logs for audit compliance

Outcome: Employee tax information is accurately consolidated, remitted to tax authorities, and documented for individual employees.

Measured by

Tax Reporting Accuracy RateTax Processing Cycle TimeRegulatory Penalty CostOn-Time Filing Rate