Payroll Wage Base Tax Credit Recovery
In many acquisitions, the year-to-date employee wage limits have been reached pre-transaction and can carryover post transaction which means the acquiring employer does not have to restart the wage base leaving tens of thousands of dollars overpaid. Unfortunately, today's payroll service providers cannot accommodate these types of wage base restarts
We Can Help.
FPC will use your payroll reports as well as that of the sellers to identify erroneous wage base restarts (FICA, FUTA, and SUTA) and other federal and state employment tax overpayments. We can go back for a period of 3 years post-transaction .