If you are an employer in Milford Center, 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 Milford Center
Milford Center, Ohio Local Withholding Tax Setup for
LLP, LLC, Corporation, 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 Milford Center, even if they are remote.
Complete Registration Online
Create a RITA MyAccount, if you haven't already done so, to register for Milford Center 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 Milford Center withholding tax to your account.
The business world moves fast, and Ohio isn’t standing still. If you’re running a business in the Buckeye State or have employees there, you’ve probably heard about the Ohio Commercial Activity Tax (CAT).
It’s not exactly new, but the rules of the game are about to change significantly. Starting January 1, 2024, Ohio rolled out major revisions to the CAT, and if you’re not paying attention, you could miss out on some serious savings or even get caught off guard by unexpected tax bills.
The minimum hourly pay in Connecticut climbed to $15.69 as of Jan. 1, 2024, which comes on the heels of a minimum wage system that has already steadily risen in recent years. This rise is a component of a larger program related to the Employment Cost Index (ECI), which is intended to help earnings match everyday living expenses.
Businesses have been especially affected by this systematic pay change. Knowing about these changes ahead of time can ensure you remain compliant with state regulations and control your labor costs.
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. Still, jurisdictions that had existing BPM were allowed to continue its imposition.
Alex Kehayias |Jan 9, 2024
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