4/15/2024 0 Comments Utah unemployment tax formIf you use a benefits provider, it should work with you to make deductions simple, automatic, and electronic. You can pay your federal and Utah state taxes online. Utah does not have a state minimum wage, so the federal minimum wage of $7.25 per hour applies. But cash and paper checks are also options. The best way to pay your employees is through direct deposit. Step 7: Pay employee wages, benefits, and taxes. Learn more about how to calculate payroll if you need help. You can use payroll software, a calculator (use our free timecard calculator to do some basic time calculations), or even Excel (we have a free template). Tax calculations can become complex, and even innocent mistakes can cause costly fines and penalties. Calculating Utah payroll by hand is not recommended. Step 6: Calculate employee gross pay and taxes. There are many ways to track employee time-some of which are free. Reviewing the time sheets from your nonexempt employees gives you time to speak with anyone who might have made mistakes. To run payroll accurately, you need to collect time sheets several days in advance. New employees must also have a completed W-4 on file and direct deposit authorization if it applies. Every employee must complete I-9 verification. Your business must have every employee complete payroll forms during their onboarding process. ![]() Step 4: Have employees fill out relevant forms. ![]() You’ll need to decide when you plan to pay employees, how often, and what payment methods you’ll offer. If your business is new, you need to develop a payroll process from scratch. Any company that pays employees in Utah must also register with the Utah State Tax Commission. ![]() If your business is new, you need to register on the Utah OneStop Online Business Registration System website, a division of Utah’s Department of Commerce. Step 2: Register your business with the State of Utah. Your FEIN is required to pay federal taxes. New companies may need to access the federal Electronic Federal Tax Payment System (EFTPS) to create a new Federal Employer Identification Number (FEIN). Step 1: Set up your business as an employer. Here is a basic guide to running payroll in Utah. Step-by-Step Guide to Running Payroll in Utah
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