Payroll Tax Compliance Specialist at Capital One

Richmond, Virginia, United States

Capital One Logo
Not SpecifiedCompensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial ServicesIndustries

Requirements

  • High School Diploma, GED, or equivalent certification
  • At least 2 years experience in payroll tax
  • At least 2 years experience with Multi-State payroll (5,000+ employees)
  • At least 2 years experience with Local Taxes
  • At least 2 years experience with Tax Agency Relations
  • Understanding of the gross to net calculation inclusive of pre/post tax deductions and taxable benefits
  • Strong understanding of end to end payroll and payroll tax laws and regulations
  • Associate degree (Preferred)
  • Professional certification such as FPC or CPP (Preferred)
  • 5+ years experience in Payroll Tax (Preferred)
  • 5+ years experience with tax agency relations (Preferred)
  • Workday Payroll (Preferred)
  • ADP SmartCompliance (Preferred)
  • Leadership experience (Preferred)
  • Demonstrated customer service skills, attention to detail, and decision making skills (Preferred)
  • Accustomed to fast paced environment (Preferred)
  • Strong desire to grow and learn (Preferred)
  • Familiarity with pay and benefit programs (Preferred)
  • Proficient experience working with Google Suite (Preferred)
  • Excellent verbal and written communications (Preferred)

Responsibilities

  • Supports the team’s critical functions with an emphasis on creating efficiencies through continuous improvement
  • Oversee the maintenance of all state and local tax withholding registrations and employer account numbers
  • Analyze root cause of escalated tax notices and work with the team to develop corrective action plans
  • Maintain penalty and interest expense at industry leading levels
  • Work closely with tax vendor to ensure all tax account discrepancies are researched, documented, and resolved promptly
  • Establish strong working relationships with internal partners including corporate tax dept, tax audit, and payroll input providers
  • Identify, create, and deliver associate pay impact communications due to tax law changes
  • Supports the team’s processes to ensure timely and accurate employee tax setup in payroll system
  • Ability to complete a gross-to-net pay calculation outside of the payroll system and explain to associates with questions about their pay
  • Assists other Capital One HR Partners, as needed, to resolve errors and maintain or update accurate information in the payroll system
  • Assists in year-end W-2 preparation, bonus payroll, and equity processing

Skills

Payroll Tax Compliance
Workday
ADP Smartcompliance
Multi-State Payroll
Local Taxes
Tax Agency Relations
Gross-to-Net Calculation
W-2 Preparation

Capital One

Offers diverse financial products and services

About Capital One

Capital One provides a variety of financial services aimed at making banking accessible and easy for everyone. The company offers products such as credit cards, savings accounts, car loans, and business checking accounts, catering to both individual consumers and small businesses primarily in the United States. Capital One's approach includes user-friendly banking solutions with no fees or minimums for checking accounts, allowing customers to manage their finances more effectively. They generate revenue through interest on loans, credit card fees, and investment banking services. What sets Capital One apart from its competitors is its strong commitment to financial inclusion and literacy, demonstrated through community partnerships and educational initiatives, such as collaborations with Khan Academy. The company's goal is to create a more inclusive financial system and empower customers with the knowledge and tools they need to make informed financial decisions.

McLean, VirginiaHeadquarters
2014Year Founded
$15.9MTotal Funding
IPOCompany Stage
Fintech, Financial ServicesIndustries
10,001+Employees

Benefits

Medical, Dental, & Vision coverage
Onsite Health Centers
Prescription saving with network of local pharmacies
Stock Purchase Plan
Education Assistance
401(k)
Flexible Spending Accounts
Life and Disability insurance
Generous paid time off + corporate & floating holidays
Registered dieticians on site, cooking classes and free virtual fitness classes
Employee Assistance Program

Risks

Increased competition in subscription management tools may dilute Capital One's advantage.
Over-reliance on partnerships could expose Capital One to technological risks.
Departure of key personnel like Joe Rodriguez may affect risk management continuity.

Differentiation

Capital One offers user-friendly banking with no fees or minimums for checking accounts.
The company partners with Khan Academy to provide financial literacy education.
Capital One is the first major U.S. bank to offer subscription management tools.

Upsides

Capital One's mobile app is a model for secure, user-friendly digital banking.
Data sharing with Worldpay enhances payment security and fraud prevention.
Partnerships with fintechs like Minna Technologies improve customer experience.

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