Payroll taxes are reported on a 944 form, which is a federal tax form. Employers who pay employees salary are required to submit this document annually. The form contains information on the name, address, and tax ID number of the employer as well as the total amount of wages paid and payroll taxes deducted.
Depending on the kind of business you’re launching, Utah’s business licensing fees change. The price often falls between $50 to $300. To find out the actual price for your particular type of business, contact the Utah Department of Commerce.
You must file a business registration with the state of Utah in order to operate as a sole proprietorship. By submitting a “Registration of Sole Proprietorship” form to the Utah Department of Commerce, you can accomplish this. Additionally, you will need to get any licenses or permits required for your particular line of work.
You must submit a “Certificate of Assumed Name” form to the Utah Department of Commerce if you want to add a DBA (doing business as) name to your LLC there. With the use of this document, you are able to lawfully conduct business under your LLC under a different name.
In conclusion, enrolling your firm as an employer in Utah is a crucial first step. You may make sure that your company is accepted by the state and that you are in compliance with all laws by taking the steps indicated above. Keep in mind that if you require additional advice, you should speak with a business attorney or accountant.