Small Business Tax Information

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withholding exemption certificate

If you do not want to participate this year, please return the survey with a note so we can remove you from follow-up mailings related to this survey and its results. Employers must report any newly hired or re-hired employees who are hired after the takeover date. If the employee filled out a W-4 form and only worked for a few hours, that employee must be reported. Although that employee is no longer with your company, there is useful information that can be obtained, such as home address and work history.

  • ​​No report for the last month of the quarter is to be submitted.
  • We urge all employers to file electronically since it saves time and processing costs.
  • At settlement, you must complete Form MW506NRS – Return of Income Tax Withholding for Nonresident Sale of Real Property.
  • Tax-exempt organizations such as religious and government organizations also have to withhold income taxes from their employees.

You may use the Regular Method What Should Employers Know About Tax Responsibilities? Tables to determine the correct amount of state and local income tax that must be withheld from employee wages. To determine a precise amount to be withheld, use the Percentage Method tables. Generally, all new accounts are placed on a quarterly filing frequency. However, when completing our Central Registration Application electronically, you can choose a quarterly or monthly filing frequency. All accounts are reviewed once a year to determine if a filing category needs to be changed. If you wish, you can register your withholding account online and use bFile to file your withholding returns electronically for free.

Tax Returns® is a registered service mark of the Commonwealth of Massachusetts. Please remove any contact information or personal data from your feedback. MassTaxConnect allows users to upload files directly to their account but is limited to 5 megabytes. You may continue the list on another piece of paper as long as you follow the format on the survey form.

  • Discover a wealth of knowledge to help you tackle payroll, HR and benefits, and compliance.
  • Withholding, filing, and remitting payroll taxes can be complicated tasks, but they are ones that you as a business owner must get right.
  • All employers are required to report new employees to their state’s New Hire Directory within 20 days of the employee’s first day on the payroll and provide all of the necessary information.
  • These include lodging, meals, property, or other considerations for personal services.

If payroll is made on Wednesday, Thursday, or Friday, it is due the following Wednesday. Report quarterly about their employment taxes covering income tax withholding and FICA and report annually to employees and the Social Security Administration about employee’s tax payments. Employers are required to deposit employment taxes and report these taxes on a quarterly basis in most cases.

How to File Quarterly Wage Reports

If you close your or otherwise permanently stop paying wages that subject you to payroll taxes, you can end your obligation to file quarterly returns. You do this by designating the return for the last quarter that you pay taxable wages as a “final” return, by checking a box at the top of the return.

  • Paper Forms W-2 and Reconciliation Form M-3, or Form M-3M must be filed on or before February 28 following the end of the calendar year.
  • New hire information from the Quarterly Wage Reports becomes available two to six months after the date of hire.
  • However, if a nonresident employee doesn’t work in Massachusetts, even if they’re paid from a Massachusetts office, you don’t have to withhold.
  • To do this, take any additional income that’s not from a second job, divide it by the number of pay periods and add it to the total wages.
  • In the absence of records, agencies have the authority to estimate taxes due, plus assess penalties for failure to keep records.
  • Oregon Annual Domestic Report – Form OAUse this form to determine how much tax is due for domestic employees.

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