New York Never Sleeps When It Comes to Employment Taxes

Employers doing business in New York are subject to state and local taxes that are as numerous as they are complex, two payroll industry experts said May 9.

State Income Tax

For state income tax purposes, employers must withhold from the wages of employees working in the state, regardless of the physical locations of employers’ offices, said Jonathan Stone, Employment Tax Managing Director for KPMG LLP.

“Anybody that is transacting business in New York is going to be required to withhold and remit New York state income tax from the wages paid to individuals performing services in New York,” he ...