I am working on an important issue on the US taxes and I had this issue where the Payroll reconcilliation report's and Tax reporter 941's for the 1st, 2nd and 3rd quarters are not tallying and having some amount differences(both +ve and -ve) especially for the following wage types:
FED INCOME TAX /401, /701
FED SOCIAL SECURITY /403, /703
FED MEDICARE /405, /705
FED UNEMP /410,/710,/610, EXCESS
STATE SUI /410, /610, /710 , EXCESS
Can you please tell me how to approach this issue and dig what are the reasons for this problem and how to correct them so that both re reports tally.
I came to know we had some issues regarding manual checks, retro changes, voids, reversals, off cycles, these can be reasons for this mismatching of reports but how to confirm this and correct , resolve the amounts mismatching.
Appreciate your answers and advices