If you are an employer in Bellefontaine, Ohio, it is important to be aware of the local payroll tax requirements for businesses operating in the city. These requirements may include registering your business with the city and withholding a certain percentage of your employees' wages for local taxes.
How to Register for Payroll Tax in Bellefontaine
Bellefontaine, Ohio Local Withholding Tax Setup for
Corporation, LLC, LLP, Professional Corporation
Employers must register with the Ohio Regional Income Tax Agency (RITA) to withhold income tax from the qualifying wages of employees working within Bellefontaine, even if they are remote.
Complete Registration Online
Create a RITA MyAccount, if you haven't already done so, to register for Bellefontaine withholding tax. Select "Withholder" as the tax type.
Add Municipality to RITA MyAccount
Log in to your RITA MyAccount and click "Add Municipality" to add Bellefontaine withholding tax to your account.
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.
As of 2024, five US states require employers to provide short-term disability insurance to workers: California, Hawaii, New Jersey, New York, and Rhode Island. Eligibility requirements, employer contributions rates, and authorized providers vary by state—but in general, businesses with at least one non-owner employee who performs work in one of these states need to obtain coverage to maintain compliance with state law.
What is state disability insurance (SDI)? State disability insurance (SDI) refers to a collection of state programs that require employers to offer short-term disability insurance to workers.
Succession planning is a crucial component of strategic management, especially for corporations preparing for long-term growth and sustainability. Effective succession planning ensures your business operations continue smoothly even when key personnel leave, retire, or pass away.
In this guide, we outline eight essential steps to create a strong succession planning strategy for 2024 and beyond.
What Is Succession Planning? Succession in a corporation refers to preparing for and managing the transition of key leadership within the organization.
Kaitlin Edwards |Sep 15, 2024
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