Is "PAYROLLTAX TAX DEBIT XXXXX1898" fraud?

Written by Piper Hall

June 18th, 2024

Medium Risk

What is "PAYROLLTAX TAX DEBIT XXXXX1898"?

Payrolltax is a company that has been in business since 2002. It specializes in offering a range of payroll services, tax filing solutions, and human resources support to small and medium-sized businesses. The company provides software tools for payroll management, tax compliance, and electronic filing. Additionally, Payrolltax offers consulting services to help businesses navigate complex regulations and optimize their payroll processes.

  • PAYROLLTAX: Indicates a payroll tax transaction
  • TAX: Specifies that it relates to a tax payment
  • DEBIT: Indicates a debit transaction, meaning money is being taken out
  • XXXXX1898: Likely an identifier or reference number for this particular transaction
  • Find & fight fraud from anywhere

    Verify With Receipt

    The best way to tell if this charge is fraudulent is to find the receipt. You may have an electronic copy of the receipt, which you can finding by searching in your email accounts for.
    Or, if you want to automatically find and reconcile receipts so you never worry about fraud, you can use SimplyWise to automatically match all bank and credit card transactions to email and paper receipts. The app instantly reconciles your expenses and flags anything that doesn't match.
    Step 1

    Connect your email

    Download the SimplyWise app and connect your email account. SimplyWise will search through your emails and find all the receipts in your inbox. This allows you to understand what exactly you are paying for when you see a bank transaction on your statement.
    Step 2

    Connect Your Bank

    Connect to your bank account/credit card transactions through the secure (256 bit encryption) Reconciliation feature within the app.
    Step 3

    Reconcile

    Reconcile the charges reported by your financial institution against what you've recorded in your SimplyWise account. Find fraud quickly! SimplyWise will match your transactions to your bank/credit card spending and check those items off.
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