If you are an employer in New, New York, 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
New York Metropolitan Commuter Transportation Mobility Tax (MCTMT) Setup for
Corporation, LLC, LLP
The Metropolitan Commuter Transportation Mobility Tax (MCTMT) is a tax imposed on employers "doing business" within the Metropolitan Commuter Transportation District (MCTD) e.g., NYC and surrounding counties. If you have at least $312,500 in quarterly payroll from employees located in the MCTD, you are required to withhold and pay MCTMT. The MCTD is defined as Manhattan, Bronx, Brooklyn, Queens, Staten Island, Rockland, Nassau, Suffolk, Orange, Putnam, Dutchess, and Westchester counties.
Determine if you Meet the Criteria for Paying MCTMT
Mark "Done" if you have at least $312,500 in quarterly payroll from employees located in the Metropolitan Commuter Transportation District, or are otherwise required to withhold and pay MCTMT.
Identify Employees that Qualify for MCTMT
An employee is considered to be a covered employee if the employee's services are allocated to the Metropolitan Commuter Transportation District. New York State provides guidance on determining if an employees is a covered employee.
Update Payroll Settings for Each Qualifying Employee
Some payroll providers need to be told which employees are covered by MCTMT so they can remit payment and file returns.
For workers who require time off for family or medical reasons, Paid Leave Oregon (PLO) and the Oregon Family Leave Act (OFLA) provide vital safeguards.
With the arrival of SB 1515 in the Oregon legislature, significant changes affecting the operation of both programs are just around the corner. Knowing what’s to come is essential for HR managers to ensure their company stays compliant and can adequately assist its staff.
We’re thrilled to announce an exciting new partnership between Mosey, the leading state compliance solution, and Pilot, the premier accounting and tax firm for startups. Together, we’re helping startups navigate the complexities of compliance and financial management with confidence and ease.
One of the most frequent requests from our customers is for corporate tax return preparation and filing.
Pilot’s expertise in bookkeeping, tax preparation, and corporate accounting complements Mosey’s compliance solutions, creating a streamlined experience for customers.
Employee onboarding is an important aspect of human resources management (HRM) that significantly impacts employee retention. An effective onboarding process should integrate new employees into the company culture and set the stage for job satisfaction and high performance.
This guide explores the essentials of new employee onboarding and offers eight effective strategies to ensure new hire success. We’ll also share how Mosey can help HR managers with other tasks like business compliance.
Gabrielle Sinacola |Aug 29, 2024
Ready to get started?
Schedule a free consultation to see how Mosey transforms business compliance.
