Paycheck South Carolina Unique Aspects of South Carolina Payroll Law and Practice 29562
The South Carolina State Agency that manages the collection and r-eporting of State taxes taken from payroll checks is:
Department of Revenue
P.O. Package 12-5
Columbia, S-c 29214
(803) 898-5300
www.sctax.org
Sc allows you to utilize the Federal W-4 form to determine state income tax withholding.
Not all states allow pay reductions made under Section 125 cafeteria programs or 401( k) to be treated in the exact same manner since the IRS code allows. In Sc cafeteria plans are not taxable for tax calculation; not taxable for un-employment insurance purposes. 401( k) plan deferrals are not taxable for income taxes; taxable for unemployment purposes.
In South Carolina supple-mental wages are taxed in a 7% flat rate.
You must file your Sc State W-2s by magnetic media if you are do have more than 25 workers and are required to file your federal W-2s by magnetic media.
The South Carolina State Un-employment Insurance Agency is:
Employment Security Commission
1550 Gadsden St.
P.O. Field 995
Columbia, S-c 29201
(803) 737-3070
www.sces.org/ui/index.htm
The State of Sc taxable wage base for unemployment purposes is wages around $7,000.00.
Sc requires Magnetic press reporting of quarterly wage reporting if the company has at least 250 employees that they are reporting that quarter.
Unemployment records must be retained in South Carolina for a minimum period of five-years. This information generally includes: name; social safety number; days of employ, rehire and termination; earnings by period; payroll pay periods and pay dates; date and circumstances of termination.
The South Carolina State Agency charged with implementing the state wage and hour laws is:
Division of Labor, Licensing and Regulations
Office of Labor Ser-vices
P.O. Field 11329
3600 Forest Drive
Columbia, SC 29211-1329
(803) 734-4295
www.llr.state.sc.us/
There is no provision for minimum wage in the State of South Carolina.
There is also no general pro-vision in South Carolina State-law addressing paying overtime in a non-FLSA covered employer.
South Carolina State new hire reporting requirements are that every employer should report every new hire and rehire. The federally required elements must be reported by the employer of:
Employee"s name
Employee"s address
Employee"s social security number
Employer"s name
Companies handle
Employer"s Federal Employer Identification Number (EIN)
This information must be reported with-in 20 days of the hiring or rehiring.
The information could be delivered like a W-4 or equivalent by mail, fax or electronically.
There"s $500 for conspiracy in South Carolina and $25.00 charge for another offense late report.
The Sc new hire-reporting agency can be reached at 888-454-5294 or 803-898-9235 or online at www.state.sc.us/dss/csed/newhire.htm
Sc does let necessary direct-deposit however the employee"s choice of financial institution must meet national Regulation Elizabeth regarding choice of financial institutions.
South Carolina requires the following information on an employee"s pay stub:
Gross and Net Earnings
itemized deductionslink</a> use with has a pile of surprising cautions for why to mull over it.
Maximum Administrative Fee? $3 per payment.
Withholding Restrictions? National Principles under CCPA.
Take note that this report is not updated for changes that can and may happen from time to time..
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