As you apply for a new EIN with IRS, they will ask the types of wages you will be paying, number of employees, etc. They will also recommend the 941/944 series, 940, W-2
and W-3 for wage reporting
, and ask you to set up electronic depositing of payroll withholdings
Georgia DOL offers a new employer's handbook, link: http://www.dol.state.ga.us
/dol224.pdf that will explain the state unemployment system, enrollment and compliance
. http://www.dol.state.ga.us/pdf/forms/dol1a.pdf is a link to the form used to apply for unemployment coverage.
https://gtc.dor.ga.gov/_/#1 is the link to the Georgia Department of Revenue
which will allow you to enroll so you can withhold income taxes
from employee wages. Remittance and reporting requirements will be available as you go through the interview process.
You may also need workmen's compensation
insurance to cover the risks of employees injuring themselves on the job. Your insurance agent will have more information.
I suggest using a tax pro or payroll service if you are unsure of enrolling yourselves. Missing deadlines
, not knowing what/who to pay can be expensive, since errors, even unintentional, come with interest
and penalty charges.
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