Payroll Wisconsin, Unique Aspects Of Wisconsin Payroll Law And Practice
The Wisconsin State Agency that oversees the collection and reporting of State income taxes deducted from payroll checks is:
Department of Revenue
Income, Sales, Inheritance and Excise Tax Division
PO Box 8910
2135 Rimrock Rd
Madison, WI 53713
(608) 266-2776
wwwdorstatewius/
Wisconsin allows you to use the Federal W-4 form or the “WT-4, Employee’s Wisconsin Withholding Exemption Certificate/New Hire Reporting” to calculate state income tax withholding
Not all states allow salary reductions made under Section 125 cafeteria plans or 401(k) to be treated in the same manner as the IRS code allows In Wisconsin cafeteria plans are not taxable for income tax calculation; not taxable for unemployment insurance purposes 401(k) plan deferrals are not taxable for income taxes; taxable for unemployment purposes
In Wisconsin supplemental wages are taxed at:
Annual wages: under $7,970 46%
$7,970-$15,590 615%
$15,590-$115,140 65%
Over $115,140 675%
You must file your Wisconsin state W-2s by magnetic media if you are have at least 250 employees and are required to file your federal W-2s by magnetic media
The Wisconsin State Unemployment Insurance Agency is:
Department of Workforce Development
Division of Unemployment Compensation
201 E Washington Ave, PO Box 7905
Madison, WI 53707
(608) 266-7074
wwwdwdstatewius/ui/
The State of Wisconsin taxable wage base for unemployment purposes is wages up to $10,50000
Wisconsin requires Magnetic media reporting of quarterly wage reporting if the employer has at least 100 employees that they are reporting that quarter
Unemployment records must be retained in Wisconsin for a minimum period of six years This information generally includes: name; social security number; dates of hire, rehire and termination; wages by period; payroll pay periods and pay dates; date and circumstances of termination
The Wisconsin State Agency charged with enforcing the state wage and hour laws is:
Department of Workforce Development
Division of Equal Rights
1 South Pinckney St, Rm 320
PO Box 8928
Madison, WI 53702-8928
(608) 266-6860
wwwdwdstatewius/er/
The minimum wage in Wisconsin is $515 per hour
The general provision in Wisconsin concerning paying overtime in a non-FLSA covered employer is one and one half times regular rate after 40-hour week
Wisconsin State new hire reporting requirements are that every employer must report every new hire and rehire The employer must report the federally required elements of:
- Employee’s name
- Employee’s address
- Employee’s date of birth
- date of hire
- Employee’s social security number
- Employer’s name
- Employers address
- Employer’s Federal Employer Identification Number (EIN)
This information must be reported within 20 days of the hiring or rehiring
The information can be sent as a W4 or equivalent by mail, fax or electronically
There is no penalty for a late report in Wisconsin
The Wisconsin new hire-reporting agency can be reached at 888-300-4473 or on the web at http://wwwdwdstatewius/
Wisconsin does allow compulsory direct deposit but the employee’s choice of financial institution must meet federal Regulation E regarding choice of financial institutions
Wisconsin requires the following information on an employee’s pay stub:
Wisconsin requires that employee be paid no less often than monthly; union contract may differ
Wisconsin requires that the lag time between the end of the pay period and the payment of wages to the employee not exceed thirty-one days
Wisconsin payroll law requires that involuntarily terminated employees must be paid their final pay by next regular payday; within 24 hours if employer closes or moves and that voluntarily terminated employees must be paid their final pay by the next regular payday
Deceased employee’s wages must be paid when normally due to the surviving spouse, children or other dependent living with employee; within 5 days of death—surviving spouse, children, parents, or siblings (in that order)
Escheat laws in Wisconsin require that unclaimed wages be paid over to the state after one year
The employer is further required in Wisconsin to keep a record of the wages abandoned and turned over to the state for a period of 5 years
Wisconsin payroll law mandates no more than $282 may be used as a tip credit
In Wisconsin the payroll laws covering mandatory rest or meal breaks are only that minors under 16 must have 30 minutes rest near middle of shift after six hours of work
Wisconsin statute requires that wage and hour records be kept for a period of not less than three years These records will normally consist of at least the information required under FLSA
The Wisconsin agency charged with enforcing Child Support Orders and laws is:
Department of Workforce Development
Division of Economic Support
Bureau of Child Support
1 W Wilson St, Rm 382
PO Box 7935
Madison, WI 53707-7935
(608) 266-9909
wwwdwdstatewius/bcs/
Wisconsin has the following provisions for child support deductions:
- When to start Withholding? one week after receipt of order
- When to send Payment? Within 5 days of Payday
- When to send Termination Notice? Within 10 days of termination
- Maximum Administrative Fee? $3 per payment
- Withholding Limits? Federal Rules under CCPA
Please note that this article is not updated for changes that can and will happen from time to time
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Charles J Read, CPA has been in the payroll, accounting and tax business for 30 years, the last fifteen in private practice Mr Read is the author of “How to Start a New Business” For Professional Payroll services at a Budget Price go to http://wwwPayrollonaBudgetcom a Paperless Payroll Company Go to http://wwwCustomPayrollcom For a full service payroll service bureau with CPA’s on staff See an excerpt of Mr Read’s interviews from William Shatners “Heartbeat of America” television show on the websites linked above Article Source: http://EzineArticlescom/?expert=CharlesRead |
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