Workers` Compensation Insurance A workers` compensation claim can be filed by workers who are injured on the job. In most cases, companies are not required to purchase this insurance in Texas. Texas employers without workers` compensation insurance must report their non-coverage status to the Texas Department of Insurance, Division of Workers` Compensation, along with all statistics on work-related injuries and illnesses. Employers are also required to notify employees if they do not offer this insurance. The Texas Department of Insurance – Workers` Compensation Division provides more information on workers` compensation for employers. It is important to keep your license and approval numbers safe and know when they need to be renewed. You can use this useful license and permit tracking template to keep your federal, state, and local license and permit information and numbers safe and convenient. The State of Texas does not require a general license. All companies doing business in Texas must register with the Texas Secretary of State or the County Clerk`s Office. Accordingly, the certificate of incorporation obtained by the Office of the Secretary of State or the accepted certificate of name issued by the Office of the District Clerk meets the “general business license” requirement that exists in other states. Visit the U.S. Small Business Administration (SBA) website for information on specific federal licenses and permits.
The local government in your area, such as. B that of your city or county, may require certain permits and licenses. Each municipality may have its own by-laws. Here are some of the most common licenses and permits you might need. Texas Tax Registration: Businesses operating in the state of Texas must additionally register to obtain more specific identification numbers, licenses, or permits for various tax purposes. Examples include income tax withholding, sales permits for sales and use tax, and unemployment insurance tax. Contact the Texas Online Tax Registration Application for more detailed information about tax obligations and business owner registration procedures. The Texas Comptroller`s Office provides access to even more general tax information and forms. The Office of Business Permits helps businesses navigate the Texas licensing, licensing, and regulatory environment. The Agency shall not grant or administer any licence or authorization. General Business Licenses: The official website of the Texas state government provides specific information about permit, license, and registration requirements through an extensive collection of links, links, and contact information. Submitting a fictitious name allows you to create a company name, which is then separate from your legal name.
This is called Doing Business As or DBA. If the company operates in Texas as a sole proprietorship or as a general partnership, an accepted name certificate or DBA for each name the company will use must be filed with the county clerk in each county where a commercial building is maintained. All companies operating in Texas as limited partnerships, registered limited liability companies, limited liability companies, corporations, professional corporations, nonprofits, and professional associations must register with the Secretary of State. The goal of our office is to promote the ease of doing business in Texas. Gov. Greg Abbott is committed to maintaining the regulatory climate favorable to our state`s businesses and ensuring that businesses have the freedom to thrive in Texas. Many specific business activities require permits or licenses. To determine which state-owned business license or permit is required for your business, please read the Texas Business Licenses & Permits Guide 2022. It is also important to ensure that all licensing requirements are met at the local level.
You can learn more about these requirements by contacting your county and city government. Insurance Requirements: The State of Texas requires businesses to purchase certain types of insurance. The Texas Workforce Commission administers Texas Unemployment Insurance. For an overview of insurance requirements, visit the Texas Department of Insurance – Business page. The Business Permit Office can help businesses resolve outstanding issues or delays in permit applications or reviews. Employer Identification Number (EIN): All employers who have employees, including business partnerships and corporations, must be assigned an Employer Identification Number (EIN) or employer tax identification number from the U.S. Internal Revenue Service, sometimes referred to as Form SS-4. State taxes: The requirement for withholding state tax varies depending on where the employees are located. Visit your state tax authority for more information. Texas requires a sales tax approval that new applicants can complete online.
Disability Insurance: Term disability insurance benefits make a payment to employees if necessary due to a non-work-related illness or injury. In Texas, employers are not required to pay for this insurance. Form I-9 must be completed for both citizens and non-citizens. The Small Business Guide to Immigration Regulation provides a summary of immigration laws and information to help complete Form I-9 for non-citizens. Federal Income Tax Deduction (Form W-4): All employees must complete an exemption certificate for their employer (Form W-4) at or before they begin their employment. The employer is then responsible for submitting the W-4 to the IRS for review. ==References=====External links===Internal Revenue Service Telephone: 1-800-829-4933 Federal Payroll and Tax Return (Form W-2): Employers must report annually to the IRS the payroll information that has been withheld for all employees. This report is produced using Form W-2, Payroll and Income Tax Return. A W-2 must be completed for each employee by January 31 of each year. Copy A of Form W-2 must be sent to the Social Security Administration (SSA) to report the salaries of employees from the previous year. Additional W-2 registration instructions and employer information are provided by the Social Security Administration. Withholding tax The IRS requires payroll tax records to be kept for at least four years.
For an overview of the employer`s responsibilities with respect to federal withholding tax, see the publication of the IRS Employer Tax Guide. If you have any specific questions, you can contact the Settlement Permit Office directly. Companies that operate as corporations, limited liability companies (LLCs), partnerships (limited or limited liability) or as a non-profit organization must register with the state. Forms and applications can be found here: New Employee Reports: Employers are required to declare all new and rehired employees within 20 days of hiring. This information must be submitted through the State of Texas New Employee Reporting Program. The Federal Employee Eligibility Verification Act (Form I-9) requires employers to verify the eligibility for work of all employees hired after November 6, 1986. Proof of eligibility to work in the United States must be completed within three days of hiring by completing the Employment Eligibility Verification Form, commonly referred to as Form I-9. Unemployment Insurance TaxesBusinesses are required to pay unemployment benefits to eligible employees. For more information on unemployment benefits, see the State of Texas Workforce Commission`s unemployment page. .
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