Prashant Thore Email & Phone Number

Thane, Maharashtra, India

• Work on Tax Liability Calculations post every payroll run i.e. Bi-Weekly & Semi-Monthly for US companies as well as Canada Companies.• Prepare monthly Tax Reconciliation for US Payroll as well as Canada Payroll.• Work on Quarterly Tax Returns for few locals like San Francisco, Nevada.• Work on Semi-Annual Tax Assessment like Delaware Tax Assessment.• Work on Annual Tax Assessment like New Jersey Tax Assessment.• Work on Tax related queries from other teams like Payroll, Compensation, Benefits team, etc.• Handles Agency Notices from Tax Agencies i.e. IRS, State & Local & check Refunds, Penalties, Interest based on the notices received, if any• Handles Stock Options & Equity Pre-Lapse Taxation process for First Data on Company Level.• Coordinate with ADP on daily basis for any Payroll Tax Matters as ADP is primary Vendor of First Data• Responsible for active coordination with various Departments in First Data & ADP to work on Year End activities like Payroll Calendar for next year, Year End Tax Filings, closing of all quarterly & yearly returns to make sure smooth transition to next Tax Year

Mumbai Area, India

• Processing payroll for global employees of Syntel, working in countries like US, Canada, Australia. This includes New Hire, Deputation, Final settlement, Expense Reimbursement etc.• Also responsible for verifying and tracking employee hours, approvals, missing pinches, and time detail reports using PeopleSoft. Other responsibilities include auditing and maintaining payroll records to ensure accuracy of data.• For Monthly, Quarterly and yearly closing activities the reports like PTO/MTO report, No SSN Cases, Replacement Checks and EFT reversal data including passing of Journal Entries and provision entries in books of accounts.• Co-ordination with Statutory & Internal Auditors, SOX Auditors on a regular basis with respect to compliance with internal controls and responding to queries and suggesting measures for improvements.• Handling the vesting gains (Restricted Stock) process for Syntel Inc employees. • Doing State & Local Registration. Keeping track of the taxes withheld.• Coordinating with employees for reporting correct state tax on their Paystubs on Quarterly basis. The necessary corrections are made in employee’s state tax payroll data after end of every quarter by making necessary corrections in ADP software. This activity leads to fewer corrections in W2 form at the end of the year and also leads to major cost saving in W2 corrections changes for company.• Handling W2 amendment activities & corrections.• Third party payments like 401K, H’SA to respective agency on timely manner. • Looking for correct Federal, State & Local tax deduction for employee and Employer.• Processing tax reimbursement for deputation employees.• Handling employee’s queries regarding time & attendance, payroll & tax for all location.

Mumbai Area, India

Traveled to U.S.A. (The Woodlands, Texas) on 8th December 2007 for a period of 78 days and successfully transitioned the BP US Payroll process to Hewitt Mumbai Office. Visa is valid till 2017.Working on BP US Payroll process mainly includes processing On cycle payroll, making SPOE (single point of entries) inputs, processing Off Cycle checks, adjusting Leave banks (i.e. Vacation, STD (full and half), Holidays, Paid Leaves, Unpaid Leaves etc) using the SAP and Peoplesoft application.• Making outbound calls to HR (employees too at times) to discuss any paycheck/payroll related issues. • Taking inbound calls for any queries related to paychecks/payrolls the HR/employee has.• Working on payroll mainly includes processing on the payroll reports and review incorrect paychecks and manually correct them. Warnings and soft warnings are checked from the concerned paychecks to ensure no paycheck is left with any error. In case of any doubtful entries made in the payroll by HR, on cycle checks are cancelled and are later issued as an off cycle making necessary corrections.• SPOE entries are the one off payment inputs made in PeopleSoft which are then picked in the paychecks on the payroll date and are paid to the employees with the regular on cycle paychecks.• Off cycle checks are processed for the payments made other than regular on cycle paychecks. • Leave banks adjustments are done mainly to adjust employees’ payments against their existing leave balance.• Working on SAP Application for the client BP US for the following payroll processes:o Manage payroll enquirieso Manage assignee datao Process bank re-call and stop paymentso Stock options and stock equity

Master Of Business Administration (Mba), Finance, General

Bachelor Of Commerce (B.Com.)