Best Practices to Manage Your Multistate Payroll
1 hour 30 minutes
Make sure you are up to date on the ever-changing rules and regulations of multistate payroll issues.
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 nonresidents. This topic will give you guidelines on what factors determine which tax the employer must withhold. It will explain the differences of residents and nonresidents and how to properly report withholding. No employer wants to face huge fines and penalties for failing to be in compliance with state laws and regulations. This material will give you the tools necessary to make sure your business remains in compliance.
• You will be able to recognize which state you pay unemployment taxes to.
• You will be able to identify state minimum wage rates.
• You will be able to explain what nexus is and whether your company has it.
• You will be able to define when a state law takes precedence over a federal law.