If you are an employer in Russia, 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 Russia
Russia, Ohio Local Withholding Tax Setup for
Corporation, Professional Corporation, LLP, LLC
Employers must register to withhold income tax from the qualifying wages of employees working within the Village of Russia, even if they are remote. Note: The City of St. Marys Department of Taxation administers income tax for the Village of Russia. 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 Russia 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 Russia as a new tax jurisdiction to report and pay the local withholding tax online.
Succession planning is a crucial component of strategic management, especially for corporations preparing for long-term growth and sustainability. Effective succession planning ensures your business operations continue smoothly even when key personnel leave, retire, or pass away.
In this guide, we outline eight essential steps to create a strong succession planning strategy for 2024 and beyond.
What Is Succession Planning? Succession in a corporation refers to preparing for and managing the transition of key leadership within the organization.
If you work with a professional employer organization (PEO), it’s a good idea to regularly reevaluate the relationship. Growing businesses can reach a point where the costs of working with a PEO outweigh the benefits, and some companies expanding into new states may also run into limitations on what PEOs can do there—eliminating the PEO’s original value proposition.
If you’re dissatisfied with your PEO or your business circumstances have changed, it may be time to leave.
Since the pandemic, remote work has been all the rage, and why not? Its benefits, like better work-life balance, have been discussed ad nauseum. That said, remote work still presents challenges, including team cohesion. Given the distance between remote workers, what can you do to make them feel connected?
Virtual team-building activities are the answer. They’re a clever way to strengthen your remote company culture while bonding and improving employee relations.
Kaitlin Edwards |Sep 21, 2024
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