If you are an employer in Columbus, 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 Columbus
Columbus, Ohio Local City Tax Setup for
Professional Corporation, LLP, LLC, Corporation
All Columbus residents are required to pay a local city tax, even if they work outside the city. Nonresidents are required to pay the earnings tax on income earned within Columbus limits. The tax also applies to the net profits of businesses. Note: Nonprofits are required to register in order to withhold and remit the Columbus Local City tax for employees wages. 501(c) tax-exempt organizations can provide their IRS determination letter to the city of Columbus in order to claim exemption from the Columbus City Business Income Tax, and would still be require to remit taxes on unrelated business income.
Sign up for a Tax Account Online
Visit the Columbus Revenue Information Service Portal homepage and click on "Register a Customer" in the "New Customers" section to start registering for a tax account.
As we progress through 2024, sales tax compliance presents challenges and opportunities for businesses across the United States. Whether you’re a burgeoning startup or an established enterprise, understanding and adhering to evolving sales tax regulations is a strategic business necessity.
Changes in sales tax laws, such as amendments in economic nexus thresholds and modifications in marketplace facilitator statutes, have profound implications. These changes reflect the evolving nature of commerce, especially in an era increasingly dominated by remote transactions and digital marketplaces.
As a taxpayer, it’s important to stay informed and up-to-date on a yearly basis. However, navigating the complexities of payroll compliance doesn’t need to be as complicated as it may seem. This is your definitive guide to understanding the FICA tax rate for 2024.
What Is FICA? The Federal Insurance Contributions Act, commonly known as FICA, is a U.S. federal payroll tax that plays a critical role in funding Social Security and Medicare programs. All employee paychecks you issue will have two key deductions: 6.2% for Social Security tax and 1.45% for Medicare tax.
The concept of disconnecting from work once the clock says you’re done has taken root. The “right to disconnect,” policies designed to protect employees from after-hours work-related communications, is becoming more common worldwide.
In this article, we’re answering that question as we examine the essentials of these laws, their impact on employee rights, and how companies in the U.S. can prepare — and how Mosey has your back in the ever-evolving world of corporate compliance.
Kaitlin Edwards |Dec 4, 2024
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