BSI Tax Factory

BSI Tax Factory is a payroll tax calculation and compliance software integrated with the Lawson (Infor) system. It is used to accurately calculate federal, state, and local payroll taxes, ensuring payroll processing aligns with current tax regulations and statutory requirements.

Key Features

• Payroll Tax Calculation: Automatically calculates federal, state, and local payroll taxes based on current tax laws and employee work locations.
• Lawson Integration: Seamlessly integrates with the Lawson payroll system to support accurate and efficient payroll processing.
• Tax Rule Updates: Receives regular tax updates from BSI to ensure compliance with changing payroll tax regulations.
• Multi-Jurisdiction Support: Handles complex tax scenarios across multiple states and local taxing authorities.
• Compliance Support: Helps ensure payroll tax calculations meet regulatory and statutory requirements.

Benefits

• Accurate Payroll Processing: Reduces payroll errors by applying up-to-date tax rules during payroll calculations.
• Regulatory Compliance: Supports compliance with federal, state, and local tax laws, minimizing compliance risk.
• Operational Efficiency: Automates complex tax calculations, reducing manual effort during payroll processing.
• Reduced Audit Risk: Helps ensure payroll taxes are calculated consistently and correctly, supporting audit readiness.
• Reliable System Integration: Works directly with Lawson to maintain accurate payroll and tax data flow.

BSI Tax Factory is available to authorized Loyola University Chicago payroll and human resources staff who support payroll operations using the Lawson system. Access is granted based on job role and business need.

This service is provided at no additional cost to eligible* individuals or departments, as it is institutionally licensed.

*Questions regarding access or eligibility, please contact the ITS Service Desk*