Payroll South Carolina Unique Areas of South Carolina Payroll Law and Practice 38913

The South Carolina State Agency that manages the collection and r-eporting of State income taxes deducted from payroll checks is:



Department of Revenue

P.O. Package 125

Columbia, S-c 29214

(803) 898-5300

www.sctax.org

Sc enables you to use the Federal W-4 form to estimate state tax withholding.

Not all states allow wage reductions made under Section 125 cafeteria ideas or 401( k) to be addressed in exactly the same manner since the IRS code allows. In South Carolina cafeteria plans aren"t taxable for tax calculation; not taxable for unemployment insurance purposes. 401( k) plan deferrals aren"t taxable for revenue taxes; taxable for un-employment purposes.

In Sc extra wages are taxed at 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 needed to file your federal W-2s by magnetic media.

The South Carolina State Un-employment Insurance Firm is:

Employment Security Commission

1550 Gadsden St.

P.O. Package 995

Columbia, S-c 29201

(803) 737-3070

www.sces.org/ui/index.htm

The State of South Carolina taxable wage base for un-employment purposes is earnings as much as $7,000.00.

South Carolina needs Magnetic press reporting of regular income reporting when the company has at the least 250 employees that they"re reporting that quarter.

Unemployment documents have to be retained in South Carolina for a minimum period of five years. This information typically includes: name; social security number; days of hire, rehire and termination; salaries by period; paycheck pay periods and pay dates; time and circumstances of termination.

The South Carolina State Agency charged with enforcing the state wage and hour laws is:

Department of Labor, Licensing and Regulations

Office of Labor Ser-vices

P.O. Box 11329

3600 Forest Drive

Columbia, S-c 29211-1329

(803) 734-4295

www.llr.state.sc.us/

There"s no provision for minimum wage in their State of South Carolina.

There"s also no general pro-vision in South Carolina State Law covering paying over-time in a non-FLSA covered employer.

South Carolina State new hire r-eporting 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 handle

Employee"s social security number

Employer"s name

Employers address

Employer"s Federal Employer Identification Number (EIN)

This information should be reported with-in 20 days of the hiring or rehiring.

The info could be sent as a W4 or equivalent by mail, fax or electronically.

There"s a $25.00 fee for an additional offense late report and $500 for conspiracy in South Carolina.

The South Carolina new hire-reporting agency may be reached at 888-454-5294 or 803-898-9235 or on the net at www.state.sc.us/dss/csed/newhire.htm

Sc does let necessary direct-deposit nevertheless the employee"s choice of financial institution must meet national Regulation Elizabeth regarding choice of financial institutions.

Sc requires the following info on an employee"s pay stub:

Gross and Net Earnings

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