MGM Studios Selects ADP TaxService-SM For Payroll Tax Filing.
ROSELAND, NJ--(BUSINESS WIRE)--Feb. 1, 2000
ADP's Comprehensive Tax Solutions to Manage Payroll Tax
Withholding and Residuals for MGM Employees Across the United States
MGM Studios, the entertainment company behind the famed James Bond series, has selected Automatic Data Processing, Inc.'s (ADP(R)) TaxService(SM)to manage the recordkeeping, remittance and filing of the payroll tax withholdings for its entire employee population, ADP announced today. As the largest payroll tax service in North America and the leader in the outsourcing of payroll, human resource and benefits administration services, ADP deposits more than $270 billion in total payroll taxes and residual payments annually.
The studio outsourced its payroll tax filings and remittances to ADP to alleviate pressure on MGM's internal payroll department. In addition, MGM will benefit from ADP's in-depth knowledge of federal, state and local tax codes which helps ensure that MGM avoids costly penalties for not complying with complex union labor or residual payment regulations.
&uot;We are delighted MGM has entrusted ADP to provide this vital service,&uot; said Tim Lamb, President, ADP National Account Services. &uot;The challenge of coordinating multiple payrolls is second nature to us after 50 years in the business. We look forward to helping MGM achieve further operational efficiencies by allowing its payroll staff to focus on mission critical tasks.&uot;
&uot;ADP's attention to ever-changing tax codes and its comprehensive risk aversion plan made it an ideal choice for the outsourcing of our payroll tax filings,&uot; said Deborah Arvensen, MGM Senior Vice President and Operational Controller. &uot;Particularly with our diverse and geographically disbursed employee base and our business' complexities.&uot;
ADP TaxService provides a comprehensive tax processing solution that assumes responsibility for all federal, state and local payroll tax depositing and reporting. Through daily interaction with federal, state and local tax agencies, ADP's experienced tax research team stays informed about all current and proposed tax laws. This monitoring enables ADP to warn its clients of potential problems, maintain tax compliance, helps avoid costly penalties and meet critical tax deadlines.
ADP TaxService is a part of ADP's FlexSourcing(TM) approach for large companies. ADP's FlexSourcing model is a service philosophy that allows clients to choose from a comprehensive suite of customizable solutions, ranging from services for existing in-house systems, all the way to full-scale outsourcing of HR, benefits and payroll functions.
ADP (NYSE:AUD), is one of the largest independent computing services firms in the world, with over $5 billion in revenues and more than 450,000 clients. ADP provides computerized transaction processing, data communications, software, and information services to companies in virtually every industry. ADP Employer Services is the world's leading provider of payroll services and human resource administration systems. It offers a comprehensive range of benefits, payroll and business tax deposit and reporting, time and labor management, unemployment compensation management and retirement plan services. For more information about ADP, or to contact a local ADP sales office, reach us at 1-800-225-5237, Extension 5091 or visit our Web site at www.adp.com.
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|Date:||Feb 1, 2000|
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