Tax
TAFW
What does this Stand For
Who Handles this?
Banking
100

What Slack channel do you post in for tax support?

ec_payrollops

100

Where can a customer confirm what TAFW Tier an employee is assigned to?

Profile Overview > Career Profile > Position

Profile Overview > Time & Labor > Time Away From Work (the employee's tier will be listed with an requests and accruals).

100

OTP

On the Phone

100

Setting up Child Support Deductions

Customer Care Specialist Tier 1

100

What is a Void?

A payroll void may be used either as a verb, meaning the act of nullifying a payroll transaction, or it may also be used as a noun, referring to the nullified pay record itself.

200

Name 2 Responsibilities of the Tax Team.

Quarterly Tax Filing, Tax Amendments, FEIN Audits in MasterTax, Tax Adjustments, Third-Party Sick Pay Recordings, etc..

200

Where can you view an employee's current TAFW balance?

Profile Overview > Time & Labor > Time Away From Work

200

LOA

Leave of Absence 

200

Setting up Security Roles

Customer Care Specialist Tier 2

200

What is a Stop Payment?

A stop payment is a request made to the bank to make a physical check invalid to ensure it cannot be cashed.

300

Name 2 Employee Paid Taxes and 2 Employer Paid Taxes.

Employee Taxes

  • Federal, State & Local Income Tax

  • Social Security (FICA)

  • Medicare

Employer Taxes

  • Social Security (FICA)

  • Medicare

  • Unemployment Tax (SUTA & FUTA)

300

Who handles setting up and making changes to a Customer's Time Away From Work tiers?

Tier 2

300

PPPEPAR

Per Pay Period Employee Payroll Audit Report

300

Cobra

Benefits and Business Services Team

300

What is an ACH Reversal?

A reversal reverses a previous ACH direct deposit transaction to a client’s employee.

400

How often does the Toast Payroll Tax Team file payroll taxes on behalf of a customer?

The Tax Team files customer payroll taxes on a Quarterly basis.

Once the filing process is complete, a Quarterly Tax Package is uploaded to the Customer's database for review.

400

What is the navigation path to review how a customer's TAFW tier is setup?

Admin > Client Admin > Setup TAFW

400

WOTC

Work Opportunity Tax Credit

400

Setting up a TAFW Tier

Customer Care Specialist Tier 2

400

What can a customer do if an employee lost their check?

A client can request a stop payment on a live check for one of their employees.

There is a $25 fee for the customer to request a Stop Payment.

500

What are Tax Amendments?

A tax amendment is a tax correct made to an employee's tax, if they were originally submitted to the tax agency incorrectly.

500

What is an Accrual Frequency?

How often an employee receives TAFW hours (e.g. daily, per pay period, annually)

500

FTE

Full-Time Equivalent

500

New Hire Reporting

Tax Team

500

What is the difference between a customer writing out of Toast Payroll's account and writing out of their own bank account?

The difference is whether live payroll checks are written from The Toast/Stratex account or the client account.

If a client writes out of the Toast/Stratex account then we will debit the client for the total amount of live payroll checks upfront. If a client does not write out of our account then they will be debited out of their own account only as the checks from their employees are cashed.