If you are an employer in New Knoxville, 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 New Knoxville
New Knoxville, Ohio Local Withholding Tax Setup for
Corporation, LLC, LLP, Professional Corporation
Employers must register to withhold income tax from the qualifying wages of employees working within the Village of New Knoxville, even if they are remote. Note: The City of St. Marys Department of Taxation administers income tax for the Village of New Knoxville. Employers may elect to withhold tax for their employees' city of residence if the employees work in an area where there is no tax or the tax is lower than in the employees' city of residence. This practice is known as "courtesy withholding."
Complete an Application For Withholding Tax Account
Complete an Application For Withholding Tax Account.
File Your Application For Withholding Tax Account
File your completed New Knoxville Application For Withholding Tax Account with the City of St. Marys Department of Taxation by email.
Add Municipality to Your Ohio Business Gateway Account
Log in to your Ohio Business Gateway account and add the Village of New Knoxville as a new tax jurisdiction to report and pay the local withholding tax online.
Compliance is one of the most important matters for businesses to tend to. Non-compliance can spell the end for a business if it cannot rectify the situation or if fines take a heavy financial toll.
There’s a lot to track, but thankfully, Mosey is here to help. Here’s what businesses should know about maintaining compliance and the potential repercussions for non-compliance.
What Does Compliance Mean in Business? Every business must adhere to federal, state, and local business regulations.
Business tax planning can be complicated. It’s particularly involved for employers with multi-state payroll, who need to figure out withholding obligations in every state where they employ workers.
If you do business or employ workers in one of the 15 states that allow local jurisdictions to impose income taxes, you might also need to withhold and remit local income taxes where your employees live, work, or both.
What is local income tax?
Labor law posters are federal and state documents that contain information about employee rights and responsibilities. Businesses are required to display labor law posters in their place of business and distribute notices electronically to remote workers.
Do I need labor law posters? Whether or not you are required to post state and federal labor law posters depends on whether or not you have employees.
If…
Your business has at least one employee on payroll (including part-time employees), then you are required to post labor law posters in their place of work.
Gabrielle Sinacola |Jun 9, 2023
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