![]() Form W-2 is due by the last day of February, unless submitted electronically, in which case the due date is the end of March. Copy A of this form should be sent to the Social Security Administration. On an annual basis, the employer should submit tax and wage information from the previous year to the federal government via Form W-2, the wage and tax statement. The employer must then send each Form W-4 to the IRS.Īlabama employers must also handle information pertaining to the withheld taxes and paid wages of each employee. Clear and accurate records will allow you track receipt sources, track the growth of your business, prepare tax returns and determine deductible expenses.Įach employee must supply the employer with a completed Form W-4, a withholding exemption certificate. The IRS’s page on employment tax recordkeeping contains additional tips concerning the items in your records. Information to be kept on file should include personal data of employees, information on tax deposits, your employer identification number and wage, annuity and pension payments. You can search through existing trade names on the previously mentioned website.įollowing the filing process for the 4 th quarter of the year, Alabama employers are responsible for retaining records of employment taxes for the next four years. You should also perform a trade name search to ensure that the name you intend to use is not already in use by another business. The Alabama Secretary of State’s Trademarks page offers forms for registering trademarks, service marks and trade names. If you want to avoid using your personal name, you must register for a trade name.īy filing for a trade name or “Doing Business As,” you can give your Alabama business a name that is independent from your personal name or the registered name of your corporation or partnership. However, sole proprietor businesses assume the personal name of the owner. In Alabama, sole proprietors do not have to register with the Secretary of State to begin operations. ![]() In Alabama, businesses that fall under the following categories must register with the Alabama Secretary of State Business Services:Īdditional information and registration forms are available on the official site of the Alabama Secretary of State. ![]() Here are some of the most common licenses and permits you may need. Each municipality may have its own unique regulations. The local government in your area, such as that of your city or county, may require specific permits and licenses. Additional information and resources may appear on the website. The Business Licensing page by the Alabama Department of Revenue provides information on laws, updates on notices and answers to frequently asked questions regarding Alabama business licenses. For example, an automobile dealer will need to secure a different kind of license than a dismantler or rebuilder. The cost, type and number of permits that your business requires depends on the nature of the services you offer. The state of Alabama requires that businesses and occupations procure licenses or permits before beginning operations. For more information, you can turn to the homepage of the Alabama Department of Revenue, which includes a list of local taxpayer service centers, business workshop schedules and an online tax form search. To begin registration, visit the Alabama Business Tax Online Registration System. The following are a few examples of those potential taxes: Depending on the nature of your business’s services, additional taxes may apply. However, the list of possibilities does not end there. Common forms of tax for most businesses will include sales and use tax, unemployment tax and income tax withholding. Before starting your small business in Alabama, you must acquire the necessary identification numbers, licenses or permits for tax registration.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |