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Old 02-20-2012, 06:37 PM
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TomCopeland TomCopeland is offline
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Join Date: Jun 2010
Location: St. Paul, Minnesota
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Default Ny

You will owe NY unemployment tax of 4.1% of the first $8,500 you pay your employees. You must withhold NY state, NY city or Yonkers income tax. . To determine the amount of income tax you must withhold see Form NYS-50-T New York State, New York City, and Yonkers Withholding Tax Tables and Methods (http://www.tax.ny.gov/pdf/2006/wt/ny...tables_106.pdf). For general information, see Form NYS-50 Employer’s Guide to Unemployment Insurance, Wage Reporting, and Withholding Tax (http://www.tax.ny.gov/pdf/2006/wt/nys50_506.pdf)

You will also need to purchase workers compensation insurance and disability benefits. Contact the NY Department of Labor for details.
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