Tax Services
Tax compliance is a critical yet complex aspect of business operations. Companies must navigate a maze of federal, state, and local tax regulations while ensuring accurate filings, timely deposits, and meticulous reconciliations. CogNet’s Extended Office as a Service℠ (EOaaS℠) simplifies tax administration by managing everything from routine filings to complex tax situations. Whether a company requires full-service tax management or targeted assistance, CogNet ensures compliance, accuracy, and efficiency—eliminating the administrative burden from internal teams.
Comprehensive Tax Administration
CogNet provides a full spectrum of tax services tailored to meet the unique needs of each client. Businesses can rely on CogNet’s tax experts to manage everything from routine filings to specialized tax challenges.
1 Federal, State, and Local Tax Filings
Tax obligations differ across jurisdictions, requiring businesses to stay compliant with federal, state, and local tax regulations. CogNet ensures all filings are submitted accurately and on time, reducing the risk of penalties and audits.
2 Tax Deposit Preparation
Businesses must remit tax payments on schedule to avoid interest and penalties. CogNet assists in preparing tax deposits, ensuring that federal, state, and local tax liabilities are met promptly and correctly.
3 Daily Loading of Tax Results
For businesses that operate in high-volume payroll and tax environments, daily updates are essential. CogNet manages the loading of tax results into client systems, such as Master Tax PTS, ensuring real-time tracking and visibility.
4 Tax Notice Research and Resolution
Receiving a tax notice can be stressful and time-consuming. CogNet investigates tax notices on behalf of clients, determining the cause and identifying the best resolution to ensure compliance and avoid penalties.
5 Preparation of Amended Returns
When tax errors occur, they must be corrected promptly. CogNet assists in filing amended returns, rectifying discrepancies, and ensuring financial records remain accurate.
6 W2 to Tax Package Balancing
Balancing W2 reports to tax packages ensures year-end tax compliance and prevents payroll tax discrepancies. CogNet provides a systematic approach to reconciling W2 data against tax packages, ensuring precision before filing
7 Quarterly Close Support
Quarterly tax filings require thorough reconciliation and verification. CogNet supports businesses with quarter-end tax processes, ensuring all filings and deposits align with payroll and accounting records.
8 Handling Special Tax Situations
Businesses may encounter unique tax scenarios, such as multi-state taxation, mergers and acquisitions, or industry-specific tax obligations. CogNet provides expert guidance and solutions to navigate these complexities effectively.