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.
Most states have licensing requirements for businesses. Running a business in West Virginia requires owners to maintain an active and up-to-date business entity license.
It’s vital to understand the process for renewing this license to avoid interruptions in your ability to operate and potential legal issues regarding your standing.
Here’s what business owners need to know about West Virginia business entity license renewal, including due dates, fees, penalties, and how Mosey can help manage state compliance.
The Affordable Care Act (ACA), commonly known as Obamacare, transformed the American healthcare scene. It introduced key provisions like the individual mandate (requiring most Americans to have health insurance) and the employer mandate.
The employer mandate applies to businesses with 50 or more full-time equivalent employees, also known as Applicable Large Employers (ALEs). It requires ALEs to offer minimum essential coverage to their full-time workforce or face potential penalties from the Internal Revenue Service (IRS).
Think about some of those companies with employees who seem thrilled to work there. Happy people, big smiles — more than just polite professionalism.
Now, think about most other workplaces. The difference is stark, and the “it” factor comes down to employee relations.
Employee relations go far beyond paychecks and timecards. It fosters an environment where people feel valued and connected, and it’s the foundation for a thriving business.
Gabrielle Sinacola |May 12, 2024
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