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.
When you think of unemployment insurance tax, you probably think of state unemployment tax first—but there’s actually a federal unemployment tax too.
Both state and federal unemployment tax are taxes that employers pay directly to the government, typically calculated as a percentage of payroll. Employment tax obligations can include federal, state, and local income tax, social security and Medicare tax, and SUTA and FUTA tax. To maintain compliance (and be prepared to pay), employers need to understand which taxes apply to them, how to calculate their liabilities, and when and how to make payments.
In today’s workplace, few tools are as important as the employee handbook. This essential document connects your company policies with your workforce needs. However, creating and maintaining a handbook presents challenges to businesses of all sizes.
On that note, we’re examining what makes handbooks so valuable, obstacles they can present, and how Mosey helps you overcome traditionally steep hurdles like non-exempt employee handbook requirements. As you’ll see, even the most complex handbook challenges become opportunities for clearer communication and stronger compliance with the right approach.
Labor law compliance is essential for employers. Employers have a legal obligation to inform employees of their rights, and posting notices that describe their rights is one of the most efficient ways to provide them with the information they need.
If you receive a labor law compliance notice, you shouldn’t assume that it’s legitimate. Labor law compliance notice scams take advantage of business owners by selling them things they don’t need and threatening them with fake fines for violations they haven’t committed.
Gabrielle Sinacola |Jun 23, 2024
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