What Is Self-Employment Tax?
Self-employed individuals are subject to different challenges when it comes to taxes. Staying diligent and keeping accurate records can go a long way in easing the frustration.
Looking for New York state tax information? In this article, you will find the latest resources on state tax, unemployment, income tax and more.
Looking for New York state tax information? In this article, you will find the latest resources on state tax, unemployment, income tax and more. New York Department of Taxation and Finance
New York Department of Labor
New York - New Jersey Waterfront payroll taxes and quarterly Form WC-30 to:
Waterfront Commission of New York Harbor39 Broadway, 4th Floor New York, NY 100064
Phone: 212-742-92801.98% (employer tax)
New York City income taxes - returns should be sent to:
Department of Taxation and Finance Income Tax Bureau Withholding Tax Unit Albany, NY 12227-0125
Phone: 518-438-8581
Rate is progressive
Metropolitan commuter transportation mobility tax (MCTMT) Rate depends on quarterly value of payroll expense per employer.
MCTMT Changes
Wage Base is $10,300 for 2014 and $10,500 for 2015
Rates range from 2.025% to 9.825% for 2015 New employer rate is 4.025% plus the corresponding subsidiary fund percent(.075) for 2015. Reserve ratio formula Rates do NOT include the subsidiary tax of 0.625% or the reemployment tax of 0.075%.
0.50% to maximum of $0.60 per week (employee)
Minimum Wage - $8.75 on 12/31/14 and then $9.00 effective 12/31/15
Termination Pay - Fired/Quit - next regular payday>
Employers must report hiring, rehiring, and return to work within 20 days to: Department of Taxation and Finance New Hire Notification
P.O. Box 15119 Albany, NY 12212-5119
Phone: 518-320-1079
Fax: 518-320-108
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To report online click here
NYS Child Support Processing Center
P.O. Box 15363 Albany, NY 12212-5363
Phone: 888-208-448
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To report online click here
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For paycheck calculation visit the New York Paycheck Calculator of PaycheckCity.
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Self-employed individuals are subject to different challenges when it comes to taxes. Staying diligent and keeping accurate records can go a long way in easing the frustration.
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