What is a Compliance Audit?

A compliance audit is an independent examination of your payroll systems and practices to ensure they meet all relevant legal and regulatory requirements, as well as internal policies. This type of audit evaluates whether your payroll processes are in adherence with federal, state, and local laws, and company-specific guidelines.

Our Compliance Audit Services

1. Regulatory Adherence: Review compliance with federal, state, and local payroll regulations, including tax withholding requirements, wage and hour laws, and employee classification rules.
2. Internal Policy Compliance: Assess adherence to your organization's internal payroll policies and procedures, ensuring consistency and proper implementation.
3. Document Verification: Verify the accuracy and completeness of payroll records, including employee contracts, timekeeping records, and payroll reports.
4. Audit of Benefits: Evaluate compliance with benefits administration regulations, such as the Affordable Care Act (ACA) and other benefit-related laws.
5. Reporting and Documentation: Prepare detailed compliance audit reports outlining findings, areas of non-compliance, and recommendations for corrective actions.
6. Corrective Action Support: Assist in developing and implementing corrective actions to address any compliance issues identified during the audit.

Benefits of Compliance Audits

• Regulatory Compliance: Ensure that your payroll processes and practices adhere to all relevant laws and regulations, reducing the risk of legal issues and penalties.
• Policy Consistency: Verify that internal payroll policies are consistently applied and followed, promoting fairness and efficiency.
• Risk Management: Identify and address potential compliance risks before they escalate, protecting your organization from financial and reputational damage.
• Improved Processes: Enhance the effectiveness of your payroll operations by addressing gaps and implementing recommended improvements.

Why Choose TaxPro Experts for Compliance Audits?

At TaxPro Experts, we specialize in conducting thorough and objective compliance audits designed to ensure your payroll practices are fully compliant with all relevant regulations and policies. Our team is dedicated to providing:

• Detailed assessments of your payroll compliance status.
• Actionable recommendations to address any identified issues.
• Support in implementing corrective measures and improving payroll processes.