The Portland Revenue Division is a state agency in Oregon responsible for overseeing and enforcing tax compliance within the city limits of Portland. They work to ensure that businesses and individuals are meeting their tax obligations in accordance with state laws and regulations.
Corporations may be expected to pay two types of income tax depending on the state where they’re registered. Every business is responsible for paying federal corporate taxes, and some states will be responsible for paying state corporate taxes.
Corporate tax rates vary from state to state. Some states use a flat rate, some use a bracket system, and some don’t have any corporate tax requirements. Here’s what you need to know about corporate tax rates by state and how Mosey can help you remain compliant.
One of your core responsibilities as a business owner is to comply with state regulations, including those regarding unclaimed funds. Unclaimed funds are assets like wages, refunds, or other forms of property that have been abandoned by their rightful owners.
Every year, businesses must file an Ohio Annual Report of Unclaimed Funds to ensure that unclaimed property is returned to its rightful owners or remitted to the state for safekeeping.
Understanding employee classifications ensures everyone gets the fair shake they deserve regarding compensation and benefits.
For businesses, especially those sprouting in various states and embracing remote work, this knowledge is the foundation of creating a cohesive workplace that thrives within the bounds of the law.
At Mosey, we’re on a mission to simplify the world of employee types for you. We aim to be your trusted source of clarity and authority in the often-confusing realm of employment classifications.
Gabrielle Sinacola |May 15, 2024
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