Employers in states with an income tax have state payroll tax withholding, payment, and reporting obligations. Most jurisdictions imposing payroll taxes require reporting quarterly and annually in most cases, and electronic reporting is generally required for all but small employers. These taxes are imposed on employers and employees on various compensation bases are collected and paid to the taxing jurisdiction by the employers.
Workers’ compensation insurance or workers’ comp provides medical and wage benefits to people who are injured or become ill at work. Coverage also includes employee rehabilitation and death benefits. This policy is required in almost every state for businesses that have employees. Workers’ compensation insurance is purchased by businesses, and is underwritten by insurance companies and, in some states, underwritten by publicly supported state funds.
Alajian Group Inc. provides accounting for startups and business management. Disrupting the traditional accounting paradox – there is more than just taxes. Serving businesses and individuals in areas of accounting, consulting, finance, and tax. Specializing in startup accounting and business management for entertainers, entrepreneurs, athletes, and high net worth individuals. We speak the language of money and maintain the health of your financial circumstances.
Alajian Group Inc. provides accounting for startups and business management. Disrupting the traditional accounting paradox – there is more than just taxes. Serving businesses and individuals in areas of accounting, consulting, finance, and tax. Specializing in startup accounting and business management for entertainers, entrepreneurs, athletes, and high net worth individuals. We speak the language of money and maintain the health of your financial circumstances.
© 2024 ALAJIAN GROUP INC. | ALL RIGHTS RESERVED
© 2024 ALAJIAN GROUP INC.
ALL RIGHTS RESERVED