Many companies who do business in more than one State do not understand how to determine which State they must pay taxes to. They also do not understand that each State has different laws regarding residents and non-residents. This is very difficult to keep up with and to know what taxes to withhold. As you get ready for the new year, this webinar will give you guidelines on what factors determine which tax the employer must withhold. It will explain the differences between residents and non-residents and how to properly report withholding for both these types of employees. You’ll find out whether your business has Business Nexus and what that means to you.
Besides State withholding, there are also local taxes in certain areas. Some States have local taxes for larger cities and others have them for every locality. You are responsible for making sure you are properly withholding for these localities and you have to know where and when to pay these taxes. You will be given helpful websites to find out detailed information on withholding for these taxes and where to pay them.
Employees must be paid at least the federal Minimum Wage. However, there are also State minimum wages, and sometimes those amounts are higher than the Federal Minimum wage. Whichever wage is higher is what the employee must be paid. We’ll go over this in detail and discuss how to know what to do to stay in compliance.
When employees work in Multiple States you must determine where their State Unemployment must be paid to. There are guidelines to follow to determine where these taxes are paid. This will be outlined in detail and examples will be given of different scenarios and how to handle them.
The material covered in this webinar will give you the tools necessary to make sure your business remains in compliance with all of these things.
Session Highlights:
Income Tax Withholding
State Unemployment Insurance
Wage & Hour Issues
Local Taxes
Define when a State law takes precedence over a federal law.
Explain what Nexus is and whether your company has it.
Identify State minimum wage rates.
Recognize which State you pay Unemployment Taxes to.
Understand the 4 points to determine what State to pay UI to.
Why you Should attend:
Multi-state taxes can be very complex and hard to understand. Making sure you comply is difficult. If you are unsure if you are withholding everything you need to withhold then you will want to attend this webinar. We will cover the fundamentals of the different types of withholdings and unemployment you will need to be aware of. We’ll discuss how to determine which State to withhold taxes for and other things to consider.
When employees work in more than 1 State you may be unsure which State to pay Unemployment to. The rules to determine this can be confusing and you may not be aware of how to even make this determination. If an employee terminates and files for unemployment in their home state you run the risk of receiving penalties if you have not filed wages to the correct State for unemployment benefits. Attending this webinar will give you guidance on how to make the correct determination.
Debbie Cash
Debbie Cash, CPP is a Business Analyst-Implementation at G&A Partners. She was formerly a Payroll Tax/Time and Attendance Specialist at Employer Advantage LLC. G&A Partners is a Professional Employer Organization (PEO) that offers payroll, human resources, benefits management, risk management, and accounting services for businesses and they recently acquired Employer Advantage LLC a former PEO. She has been with the organization since 2006.