State-mandated Laws Archives - Patriot Software Tue, 18 Oct 2022 20:35:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.2 https://www.patriotsoftware.com/wp-content/uploads/2020/01/cropped-site-favicon-32x32.png State-mandated Laws Archives - Patriot Software 32 32 Ohio Requires Additional School District Reporting on Form W-2 https://www.patriotsoftware.com/blog/payroll/ohio-form-w-2-school-district-reporting/ Fri, 14 Oct 2022 18:37:00 +0000 https://pslohio.wpengine.com/uncategorized/ohio-form-w-2-school-district-reporting/ alt=""If you have an employee in Ohio, you need to include the Ohio school district number on Form W-2. The Ohio Department of Taxation is requiring this change to help reduce the number of reporting errors on individual income tax returns. Read on to learn more about this requirement. Form W-2 reporting requirement in Ohio […]]]> What Is Escheatment? https://www.patriotsoftware.com/blog/payroll/what-is-escheat-law/ Fri, 14 Oct 2022 17:38:00 +0000 https://pslohio.wpengine.com/uncategorized/what-is-escheat-law/ alt=""You might not know that unclaimed property is governed by state laws. For example, if a bank account is inactive for an extended period of time, your state can claim the funds in your account in a process known as escheatment. What is escheatment? Definition of escheatment Escheatment is the process of a financial institution […]]]> A Breakdown of the Colorado Occupational Privilege Taxes https://www.patriotsoftware.com/blog/payroll/occupational-privilege-tax-opt-colorado/ Thu, 13 Oct 2022 19:51:51 +0000 https://pslohio.wpengine.com/uncategorized/occupational-privilege-tax-opt-colorado/ alt=""A handful of cities in Colorado have a local tax called an occupational privilege tax. Both employees and employers owe it. If you’re an employer in Colorado, it’s important to know if you owe the occupational privilege tax and what your city requirements are. What is occupational privilege tax? Occupational privilege taxes (OPT) in Colorado […]]]> What Is the ABC Test, and How Can Small Business Owners Comply? https://www.patriotsoftware.com/blog/payroll/abc-test-worker-classification/ Thu, 13 Oct 2022 16:40:47 +0000 https://pslohio.wpengine.com/uncategorized/abc-test-worker-classification/ alt=""The laws surrounding worker status have long been ambiguous. Deciding whether a worker is an employee or independent contractor has been largely left up to the employer’s discretion. Not anymore. Thanks to California’s 2018 court ruling, workers are now presumed to be employees. If you think that employers in California are the only ones affected […]]]> Can You Pay That?! Federal and State Tipped Minimum Wage Rates https://www.patriotsoftware.com/blog/payroll/federal-state-tipped-minimum-wage-rates/ Wed, 12 Oct 2022 14:36:00 +0000 https://pslohio.wpengine.com/uncategorized/federal-state-tipped-minimum-wage-rates/ alt=""Want to avoid breaking labor laws? Then you need to pay employees according to federal, state, or local minimum wage law. But if you have tipped employees, you might be able to pay a lower, tipped minimum wage. Read on to learn what is a tipped minimum wage, along with the current federal tipped wage […]]]> State Income Taxes for Out of State Employees https://www.patriotsoftware.com/blog/payroll/state-income-taxes-state-employees/ Tue, 11 Oct 2022 13:11:00 +0000 https://pslohio.wpengine.com/uncategorized/state-income-taxes-state-employees/ alt=""Each state’s income taxes are different. Some states have low taxes, some have high taxes, and some states don’t have income taxes at all. State income taxes get even more complicated when you have an employee who lives and works in different states, works from home in a state where your business isn’t located, or […]]]>