The Kansas Department of Revenue is the state agency responsible for overseeing tax collection, motor vehicle registration, and other financial matters in the state of Kansas. With a focus on ensuring compliance with state laws and regulations, the department plays a crucial role in maintaining the financial stability of the state.
In recent years, a growing number of states in the U.S. have implemented laws requiring private businesses to offer retirement savings plans to their employees. This has created a new set of responsibilities for businesses that don’t already have retirement options. Those that fail to comply with these new laws may face penalties.
State-mandated retirement plans aim to address a retirement savings crisis in which millions of workers have no access to workplace retirement plans.
Maintaining a registered agent in every state where you’re registered with the Secretary of State is a key compliance requirement—and to avoid fines or other penalties against your business, each agent needs to be able to reliably receive and forward correspondence.
If one of your registered agents can’t perform these functions (or if your business needs change), your business can change registered agents by filing a statement with the relevant Secretary of State.
Managing compliance for state and local reporting can feel like a never-ending task, even with the help of a professional employer organization (PEO). For example, client reporting states can add an extra layer of confusion to the payroll and reporting process.
When you’re on a PEO, there are two types of payroll reporting: client reporting states and PEO reporting states. In client reporting states, you are still responsible for managing your payroll accounts under your own employee identification number (EIN).
Gabrielle Sinacola |Nov 25, 2024
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