Maryland New Employer Information
Congratulations on your decision to become a Maryland new employer! You will need a few things in place before you run your first payroll:
Federal and State Tax Accounts
Federal Tax Accounts:
- Although it is not required, we recommend that you register for this federal tax paying system. You can easily register online. This account will be helpful for you to make tax payments online or view whatever tax filings have been made on your behalf by Patriot.
- To find out more about the EFTPS, read our article, “What Is EFTPS?”
State of Maryland Tax Accounts:
- The Maryland new employer SUTA rate is 2.3% for 2022. **An exception to this is new construction employers headquartered in another state will use 5.40% in 2022. For more information, visit the Division of Unemployment Insurance.
- You will be assigned an unemployment tax assessment (SUTA) rate every year based on your industry and experience rating.
- For more information about state unemployment tax, check out our article, “What Is SUTA Tax?“
Setting Up Your New Employee:
- The 2022 minimum wage is $12.50 per hour for employers with 15 or more employees. The minimum wage for employers with 14 or fewer employees is $12.20 per hour. For more information, visit the Department of Labor, Licensing and Regulation.
- Please note, if there is a locality that has a different minimum wage, you are required to follow the more stringent law.
- You need to post the minimum wage poster for Maryland where your employees can read it.
Once you have all the necessary information, you will be able to set up your payroll for your business.
You will want to keep all payroll records for at least three years. For more information, read our help article, “What Employers Should Know About Employee Payroll Records”
Let us know if you have any questions. We are here to help!
Disclaimer: This is not an all-inclusive list for new employers. Please check with the federal and state government for additional requirements for employers.
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