Tuesday, July 17, 2007

Payroll Virginia, Unique Aspects of Virginia Payroll Law and Practice

irginia State Agency that oversees the collection and reporting of State income taxes deducted from payroll checks is:Department of TaxationDivision of Income Tax WithholdingP.O. Box 27264Richmond, VA 23261-7264(804) 367-8037http://www.tax.virginia.gov/Virginia requires that you use Virginia form"VA-4, Employee's Virginia Income Tax Withholding Exemption Certificate" instead of a Federal W-4 Form for Virginia 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 Virginia 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 un View the rest of this article


No comments: