Pratiksha Sathe

• Processing and Auditing U.S payroll.
• Handling Clients with weekly, Bi-weekly and Semi monthly payroll schedule.
• Processing Payroll for more than 1000 employee's.
• Maintained, balanced, and updated payroll documents and records time to ensure error free reports.
• Oversaw day to day processing of payroll for employees, including review of timesheet and computing pay in accordance.
• Calculate payroll taxes.
• Solving issue in pre payroll and post payroll calls with client.
• Completing off- cyles or correction after payroll week.
• Awarded as the best new joiner in the team.

Tax Operations and Compliance -

• NRA Account Reconciliation of tax withholding details for taxable income with the client to ensure accurate data is reported to IRS as part of 1042s reporting.
• Processing and Authorizing Tax reversals as part of reconciliation so that all US sourced incomes paid to the client withheld at the proper rate based upon client documentation and type of income - FATCA/NRA.
• Filing 1042s returns projection and Running/Exporting reclass report sending to Client on year end.
• Resolve client queries and update them on the latest tax applicable as per documentation, forms like W8-BEN-E, W8 -IMY, W8- ECI
• Processing and authorizing Tax reversals by issuing credit and debit notice.
• Treaty rate exception coding in internal system as per documents applicability.
• Review client documentation on file and advise documentation team to pursue missing documents
• Analyze, Process and update missing or incorrect tax rates/ amounts for different countries according to their respective treaty rates.
• 1042S - Registration, review and update, income and exemption code, FTIN.
• Converting foreign currencies according to correct tax rates and matching general ledger differences.
• Belgium Non- Resident withholding, Scrutinize documents to check applicability and reverse if necessary
• Coordinating with On-shore team to Facilitate smooth operation.
• Trained New Joiners and Helped in completing Onshore colleague accounts and resolving query.
• Appreciated by Onshore Team for quick response.
• Received appreciation mails from higher management for resolving issues and escalating to managers.

Tax Operations and Compliance

• Provide comprehensive operational support for the preparation, maintenance, and accuracy of tax records, returns, and reports for clients and addressing tax-related inquiries and concerns
• Filing tax reclaims forms on behalf of clients to Tax Authorities via Sub custodian, ensuring compliance for our Clients based in Finland, Japan, Switzerland etc.
• Collaborate in the preparation of meticulous paperwork and documentation to support tax filings, ensuring completeness, accuracy, and adherence to regulatory requirements
• Preparing Packages by verifying the required documents, Scanning and printing documents for preparing packages and submitting for verification to sub custodians.
• Provide expert guidance and support to the CSR team regarding reclaim documents and client queries, ensuring accurate and timely responses for exceptional client service
• Prioritize Statue of Limitations reclaims, ensuring their prompt processing and resolution to meet regulatory deadlines.
• Providing updates on Aged reclaims to the Control team, highlighting the status and progress of outstanding claims for efficient management
• Clear discrepancies in funds received from Tax authorities, ensuring accurate financial records and swift resolution of any discrepancies
• Assist the Payment team in resolving breaks and discrepancies related to tax payments and refunds, ensuring accurate and timely processing.