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California Employment Development Department
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The California Employment Development Department (EDD) is a state agency responsible for administering unemployment insurance, disability insurance, and paid family leave benefits to eligible workers in California. The EDD also provides workforce services, such as job placement assistance and training programs, to help Californians find and maintain employment.
Business privilege and mercantile tax (BPM) is a tax assessed on the gross receipts of specific types of businesses, commonly retailers and wholesalers. Originating from the Pennsylvania Local Tax Enabling Act of 1965, this tax serves as compensation for businesses availing local governmental services, such as public safety measures.
BPM has undergone multiple changes since 1965. By 1988, the Pennsylvania Local Tax Reform Commission labeled it as a “nuisance tax,” primarily due to inadequacies in the legislative framework and vagueness surrounding the tax base.
Articles of incorporation are a legal document you file with the secretary of state to officially form a corporation. When you decide to incorporate your business, completing and submitting this document is a mandatory step. It establishes your business as a legal entity with certain rights and responsibilities.
The process of incorporation dates back several centuries and has evolved significantly over time. Originally, corporations were established through specific legislative acts.
The city of Chicago has recently updated and clarified its paid leave and paid sick leave (PSL) ordinance, which will take effect on July 1, 2024. These changes aim to protect employees across the city while giving employers a clear roadmap for compliance.
This article will explore the updates, key provisions, and clarifications the city provides for Chicago businesses to stay compliant. We’ll also cover how Mosey can elevate your corporate compliance measures.
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