The Wisconsin Department of Revenue is the state agency responsible for overseeing tax administration and compliance in the state of Wisconsin. They work to ensure that individuals and businesses are meeting their tax obligations in accordance with state laws and regulations.
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.
Talented and effective HR professionals are the secret ingredient to organizational success. HR professionals can utilize tools like competency models to maximize success and efficiency.
A competency model serves as a blueprint for identifying, developing, and assessing the skills and behaviors necessary for individuals to excel in their roles within an organization. A little bit of work on a competency model can boast a huge payoff in productivity and human resource planning.
Managing a business involves handling your day-to-day operations and complying with state and federal requirements. You have more freedom and flexibility in how you shape and grow your business, but compliance leaves little room for error.
Complying with state and local requirements is mandatory. Compliance allows your business to continue operating without interruption, and it’s important to stay on top of everything for a consistent flow.
As a business owner, here’s what you need to know about checking your compliance status and keeping your business in good standing.
Kaitlin Edwards |Mar 26, 2024
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