If you are an employer in Toledo, 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 Toledo
Toledo, Ohio Local City Tax Setup for
Professional Corporation, LLC, Corporation, LLP
Businesses operating or employing individuals in the City of Toledo must complete a Business Registration Form with the Division of Finance. Employers are responsible for withholding the City of Toledo income tax from taxable employee wages and are also subject to business income tax based on the "Net Profit." The City of Toledo provides specific definitions of what what is considered "Net Profit". Note: Nonprofits are required to register in order to withhold and remit the City of Toledo income tax for taxable employees wages. 501(c)(3) tax-exempt organizations can provide their IRS determination letter to the City of Toledo in order to claim exemption from the business income tax, and would still be require to remit taxes on unrelated business income.
Fill Out a Business Registration Form
Complete a Business Registration Form. Note: This is a combined registration for employee withholding tax and business income tax.
File the Business Registration Form
File your completed Business Registration Form with the City of Toledo Division of Finance by email.
The Colorado Family Leave Act (CFLA) is a significant shift in family leave regulations for employers in Colorado. Some employers may already partially comply with CFLA provisions due to their existing leave procedures. However, other employers may have to revisit their policies.
Mosey’s guide will dive into the details of the Colorado Family Leave Act, how it compares to the Family and Medical Leave Act (FMLA), its implementation timeline, and practical steps for compliance. We’ll also share how Mosey can help you manage state compliance.
The limited liability company (LLC) entity type provides many advantages—like reducing the owners’ personal liability, and providing flexibility in tax classification and management structure.
Once you’ve established LLC status, you’ll need to comply with ongoing LLC compliance requirements to maintain LLC protections and avoid any penalties against your business. In most states, this includes filing an LLC annual report.
What is an LLC annual report? An LLC annual report is a brief overview of key facts about a limited liability company (LLC). It typically includes business contact information, contact information for owners (called “members” of the LLC), and a record of any major activities (such as change in ownership, business purpose, or location) during a given reporting period.
The global pandemic accelerated the adoption of remote work and no one can imagine going back. Businesses can hire the best person for the job, no matter where they live. People can save time and money on their commutes, spend more time with family, and have greater flexibility to live where they want. For startups in particular, out of state hiring continues to grow—from 34% of new hires in 2019 to 62% in 2022[0].
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