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Human Resource & Payroll

2022 Multi-State Payroll Taxation: Income Tax Withholding, State Unemployment Insurance, Wage & Hour Issues and Local Taxes

Multi-State Payroll Taxation in 2022: Income Tax Withholding and Wage & Hour Issues

If your business is expanded to more than one State, understanding how to determine which State you must pay taxes to could be overwhelming. It is often difficult to understand and differentiate that each State has different laws regarding residents and non-residents. No employer wants to face huge fines and penalties for failing to be in compliance with State laws and regulations.
 

When your employees work in more than one 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.
 

Besides State withholding, there are also local taxes in certain areas. Some States have local taxes for larger cities and other have them for every locality. You are responsible for making sure you are properly withholding for these localities and you must know where and when to pay these taxes.
 

Employees have to 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.
 

Join us on Compliancevent this September to understand what factors determine which tax the employer must withhold. Learn how to know which wage to pay to your employees to be in compliance. You will learn to differentiate between the residents and non-residents, along with learning how to properly report withholding for both of these types of employees.
 

When employees work in Multiple States you have to determine where their State Unemployment must be paid to. There are guidelines to follow to determine where these taxes are paid. We will discuss it in detail and provide examples of different scenarios and you can handle them. The material covered in this session offers you the tools necessary to make sure your business remains in compliance with all of these things.
 

You will find out whether your business has Business Nexus and what that means to you. We will provide you with references to helpful websites to find out further detailed information on withholding for these taxes and where to pay them to. It will help you figure if you are in compliance and what to do if you are not.
 

 

 

Main Topics

-Income Tax Withholding
-State Unemployment Insurance
-Wage and Hour Issues
-Local taxes

 

 

Get Answers to

-When does a State law takes precedence over a federal law?
-What is Nexus and does your company have it?
-How to identify the State minimum wage rates?
-How to recognize which State you pay Unemployment Taxes to?
-What are the 4 points to determine what State to pay UI to?

 

 

Compliance September 2022 Onwards

Many Employers don’t realize they have to pay taxes for the State the employee is working in. There are guidelines to follow in each State and determinations to be made on which State governs for employees working across multiple States. In this session, we will go over the four factors on how to determine which State the Unemployment should be paid to and how to look at these factors.
 

It is important to do determine correctly or fines/penalties can be assessed. All factors must be taken into account when dealing with Tax laws and specifically across State lines. Keeping up with these is difficult which is why it’s important to know where to research the laws and regulations and continuing education to keep up with them is key.
 

 

 

Why You Should Attend

Are you only withholding and paying payroll taxes for the State you are located in? Many companies don’t even realize that they should be paying taxes to other States or localites. Even if you don’t have a physical presence or location in another State, it doesn’t mean you aren’t subject to withholding for that State. This is called Business Nexus and you will want to know if your business has it.
 

This session will define what Business Nexus is and what is required if you have it. If your business has employees who work in different States, join us to ensure you are paying the proper taxes for Unemployment and Withholding.
 

Multi-State taxes can be very complex and hard to understand. Making sure you are in compliance is difficult. If you are unsure if you are withholding  everything you need to withhold, you will want to attend this session. We will cover the fundamentals of the different types of withholdings and unemployment you will need to be aware of. We will discuss how you can determine which State to withhold taxes for and other things to consider.

 

 

Who will Benefit

-Tax professionals
-Payroll professionals
-Owners
-Accountants
-CFOs
-Bookkeepers
-Businesses operating in more than one State
-Businesses having employees who work in a different State than where the business location is
-Businesses having employees working in multiple States
-Businesses selling products over State lines
 

You may ask your Question directly to our expert during the Q&A session.

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