Parker-Hannifin Handles More with Ease
Keeping up with withholding and unemployment tax rules and filing frequencies for employees in over 40 states was a heavy task for Parker-Hannifin Corporation. They needed a tool to streamline the process and ensure compliance across the board. When they discovered LTtax they found the solution they needed and a whole lot more.
With annual sales exceeding $10 billion, Parker-Hannifin is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of commercial, mobile, industrial and aerospace markets. The company employs more than 57,000 people in 43 countries around the world.
Saving Time and Resources
Since implementing LTtax in 2003, Parker-Hannifin has realized many benefits for its U.S. operations. "The amount of time (and money) we've saved analyzing and creating our monthly withholding tax table has practically offset the cost of LTtax's services," boasts John Frame, accounting supervisor for Parker-Hannifin. "We no longer fill out quarterly unemployment tax returns manually, cutting the process down from two weeks to one week."
The company is saving paper and storage costs too. With LTtax, Parker-Hannifin creates PDF files for quarterly tax returns and maintains them electronically. It also uses LTtax to file multiple worksite reports: 945's and 1042's. Recently it started filing electronic 941's with LTtax's strategic partner Greenshades.
"When I think back to how we used to handle our payroll taxes, I honestly don't know how we did it without LTtax," explains Frame. "The system is easy, flexible and always improving. Plus the support I get from the LTtax staff is unmatched; I always feel like I am their most important customer."
Contact us now to find out how LTtax can help you with your payroll withholding and unemployment tax filing.
For more information, please contact us at 212-643-1768 or send an email.