Prepare tax returns

Trigger: The end of the statutory tax year or scheduled reporting period initiates the compilation of employee tax data.

1. Extract annual payroll and deduction data
2. Reconcile tax withheld against general ledger records
3. Calculate taxable earnings and final tax liabilities
4. Generate individual employee tax forms
5. Transmit aggregated tax reports to tax authorities
6. Distribute finalized tax documents to employees

Outcome: Employee tax documents are accurately generated, distributed to individuals, and successfully filed with the appropriate tax authorities.