Save Time on Core Processes
Help your team save time each pay period with an easy-to-use tool that eliminates the need for third-party software or outsourcing tax management.
Get a DemoLimit your payroll tax responsibilities with isolved Tax, an integral option of our payroll system.
Get a DemoGet peace of mind when filing federal income tax and state payroll taxes with a built-in comprehensive tax management system. isolved Tax makes payroll taxes easier, improves accuracy and helps maintain payroll tax compliance.
Help your team save time each pay period with an easy-to-use tool that eliminates the need for third-party software or outsourcing tax management.
Get a Demo
Fewer Imports and Exports
Reduce the number of time-consuming imports and exports with an all-in-one system that removes the need to use third-party payroll tax services.
Automatic Adjustments
Automate adjustments that were previously done manually across multiple programs to improve accuracy and reduce human error.
Self-Balancing Capabilities
Minimize human error and time spent reconciling numbers with a single ledger made for simplified balancing and expedited tax reporting.
Expert-Level Support
Our dedicated team can assist with filing multi-jurisdiction tax registration, audit processes, answer tax return questions and much more.
Simplify tax processes, ensure compliance and easily generate all your payroll and tax reports with a solution that's built into our cloud-based HCM platform and includes:
- LeAnne Phifer, Sr. Manager of Employment at Preferred Parking
isolved Tax is part of isolved Payroll, an all-in-one payroll solution that helps you streamline the entire process, while maintaining compliance.
Payroll OverviewFurther boost your effectiveness with a suite of AI tools that help support your team, gather insights and more. Learn more about the latest AI updates and future releases.
AI HR Tools OverviewGet insights into the strategic impact of payroll and the importance of modernization.
Watch the WebinarDiscover how isolved compared to top competitors in the latest ISG Study.
Download the ReportLearn about the savings businesses like yours benefit from with Workers Opportunity Tax Credits.
Read the BlogReady to see first-hand how your team can process payroll and file taxes within a few clicks?
Payroll tax management involves calculating, withholding and remitting taxes on behalf of employees and employers. It includes federal, state and local taxes such as Social Security, Medicare and federal unemployment (FUTA). Human resources and payroll systems manage these processes to ensure correct tax rates are applied, tax forms like W-2s are filed and tax payments are made on time. Businesses, especially those with in-house payroll services, must stay up to date with tax laws and regulations to avoid penalties.
Payroll tax management also involves handling tax liabilities for independent contractors and business owners. Many companies use payroll software that automates these processes, reducing the risk of human error and minimizing time spent on tax-related tasks. The software calculates deductions, files forms and integrates with other systems, streamlining payroll for business owners and HR professionals.
Payroll taxes include several types of taxes that are deducted from employees' wages and paid by employers. These taxes generally cover Social Security and Medicare taxes, collectively known as FICA (Federal Insurance Contributions Act). Both employers and employees contribute to FICA, which funds Social Security benefits and Medicare programs. Unemployment taxes, such as FUTA (Federal Unemployment Tax Act), are typically paid solely by employers and help fund unemployment insurance programs.
In addition to federal payroll taxes, employers may need to manage state and local payroll taxes, which can vary based on location. These taxes might include state unemployment insurance and other employment taxes. Accurate tax withholding and timely submission of tax forms like Form W-2 are essential to ensure compliance with tax laws and prevent issues for both the employer and employees.
Yes, you can manage your own payroll taxes, but it requires attention to detail and understanding of tax regulations. You'll need to calculate tax withholding from employees' paychecks, including Social Security tax, Medicare tax and any state or local taxes. While managing your own payroll taxes may save on pricing related to outsourcing or payroll services, it comes with risks including errors in calculations, late filings or incorrect tax payments.
When you choose isolved Payroll, tax management is part of the package and offers businesses of any size the simplicity of being able to easily calculate taxes and file forms.
isolved works directly with employers of all sizes and has an extensive partner ecosystem too. Together isolved and our ASO and PEO partners are processing some $200B in payroll and taxes annually—an awesome responsibility we take very seriously.
PEOs can enjoy the added benefit of PEO tax processing—process and pay taxes, including company paid taxes, all from the same platform.