Tax Day 2023 and how to get an extension from the IRS
Tax Day is on Tuesday, Apr 18, 2023. Not ready to file? Submit an electronic request to the IRS for an extension ASAP!)
If you're running payroll (or receiving a paycheck) in Tennessee, here are some important state tax facts you need to know.
If you're running payroll (or receiving a paycheck) in Tennessee, here are some important state tax facts you need to know.
Tennessee Withholding Requirements
• Register as employer by filing Form LB-0441 (Report to Determine Status/Application for Employer Number).
• No Withholding Tax in Tennessee.
• Withholding Method = NA.
• Supplemental Rate = NA.
Tennessee State Unemployment Insurance (SUI): Wage Base is $9,000 for 2016.
New employers use 2.70% un til June 30, 2016.
New construction employers use 6.5% for fiscal 2016. New manufacturing employers use 5.0% depending on classification for fiscal 2016. New mining employers use 5.0% until June 30, 2016.
Tennessee State Disability Insurance (SDI): None.
Tennessee State Labor Laws:
Minimum wage - The federal minimum wage rate applies. Termination pay - Fired/Quit - Later of the next regular payday or 21 days. Employers must report hiring, rehiring, and return to work within 20 days on Form W-4 or TN New Hire Send reporting form to: Tennessee New Hire Operations Center
P.O. Box 17637 Nashville, TN 37217888-715-2280877-505-4761 fax
To report online click here.
Remit withholding for child support to Child Support ServicesDepartment of Human Services
Citizens Plaza Building, 12th Floor 400 Deadrick Street Nashville, TN 37248-7400615-741-1820
To report online click here. Reciprocal States: None. For paycheck calculations, visit the Salary Paycheck Calculator of PaycheckCity.
Tax Day is on Tuesday, Apr 18, 2023. Not ready to file? Submit an electronic request to the IRS for an extension ASAP!)
The EITC, also known as EIC, is a tax credit provided to lower income workers to help offset the basic living expenses. Here's how to know if you're eligible.)
Making mistakes is a part of starting a business, but knowing what mistakes to avoid will help small business owners in their long-term journey to success. Here are four mistakes small business owners should avoid.)