If you are an employer in Opelika, Alabama, 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 Opelika
Opelika, Alabama Local City Income Tax Setup for
Corporation, LLP, LLC
Employers must withhold the City Service Fee from their employees’ salaries, bonuses, wages, commissions, and other compensations for any employee working within the City of Opelika. This applies to all wages earned within city limits. Businesses must register with the city if the tax is applicable.
Fill Out a Business License Application
Download and complete the Business License and Tax Registration Application.
Choosing between an LLC and an S-corp can be a game-changer for your business. In this guide, we break it all down to help you make an informed decision. Plus, find out how you can simplify your compliance tasks, no matter which path you choose.
What Is an LLC? An LLC, or limited liability company, is a legal business structure that offers substantial liability protection for the owners, known as members.
Think of a business license as your company’s permission slip to operate. The specific rules vary drastically depending on what your business does and where you do it.
A restaurant in Ohio will need different licenses than a software company in California, and even towns within the same state can have their own requirements. It’s enough to make any business owner’s head spin.
Unfortunately, ignoring those license requirements isn’t an option.
Practically every employee in the United States is subject to federal tax withholding. In a nutshell, federal tax withholding keeps a certain amount of your employees’ paychecks to send directly to the government, estimating how much they owe for each tax year.
Understanding the ins and outs of federal tax withholding is crucial for proper compensation, especially if you have employees in multiple states. So, let’s take a closer look.
Alex Kehayias |Oct 10, 2023
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