Out of state Employees?
Are you paying out of state payroll taxes for resident employees not in your state? Are they moving to your state of business or no longer with you?
You MUST notify the state.
Once you start filing payroll tax returns in a state, you CANNOT just stop because you no longer have an employee in that state.
If you stop filing returns, many states will just assume the employee still works for you. Thus sending you a tax bill with penalties and interest based upon your former employees wages in the prior year. When you no longer have an employee in a state, you must file a Notice of Discontinuance.
You can usually get this Form on the applicable state website, or if you need help, contact us at QBO.
08/26/2019
By: Gary Grottke, CPA, Quality Back Office LLC
A fixed-fee bookkeeping cleanup is priced from a two-hour diagnostic, per month of catch-up, and…
Dental practice bookkeeping that reads like the practice: collections vs. production by payer, AR over…
Can we afford to hire someone is a contribution margin question, then a cash question.…
How much a bookkeeper costs is the wrong question. What the fee includes (reconciliation, a…
Form 941 is due October 31 for Q3, along with a FUTA deposit if your…
Rental property bookkeeping needs real double-entry books. What landlord apps miss: deposits, gross vs. net…