South Dakota New Employer Information
Congratulations on your decision to become a South Dakota new employer! You will need a few things in place before you run your first payroll:
Federal and State Tax Accounts
Federal Tax Accounts:
- Although it is not required, we recommend you enroll in the Electronic Federal Tax Payment System (EFTPS). You caneasily register onlinefor the EFTPS.
- You will be able to pay taxes and view payments made on your behalf with the Electronic Federal Tax Payment System (EFTPS).
- To find out more about EFTPS, please read our article, “What Is EFTPS?“
State of South Dakota Tax Accounts:
- New employers in South Dakota canregister onlinewith the Department of Labor and Regulations for their state unemployment insurance (SUI) account.
- Upon completion of your registration, you will be given a state unemployment tax assessment (SUTA) account, an unemployment tax rate, and a PIN for filing quarterly wages.
- To learn more about registering your business, please visit theSD Department of Labor and Regulation.
- South Dakota new employer SUTA rate for 2022 is 1.2%, plus an additional 0.55% Investment Fee for non-construction employers. For construction employers, the SUTA rate for 2022 is 6%, plus a 0.55% Investment Fee.
- 雇主在南达科他州将收到一个新的国家Unemployment Tax Assessment (SUTA) rate foryears 2 and 3 of business.The rate is 1%, plus a 0.55% Investment Fee, for non-construction employers and 3%, plus a 0.55% Investment Fee, for construction employers if there is a positive account balance.
- To learn more about South Dakota Unemployment Insurance Tax,visit the South Dakota Department of Labor and Regulations.
- To learn more about SUTA, please read our article, “What Is SUTA Tax?”
Setting Up Your New Employee:
- Fill out the requiredForm I-9for employee verification for working in the USA.
- This is a two-part form. The first section is to be completed by the employee and the second half is to be completed by the employer. To learn more, please read,“Form I-9 In a Nutshell.”
- You must retain each employee’s completed Form I-9 as long as the individual works for you. For more information please read, “What Should Be in an Employee File?”
South Dakota’s minimum wage is $9.95 per hour for 2022. You will need to display theminimum wage posterfor your employees, as required by law.
Once you have all the necessary information, you will be able to set up your payroll for your business.
You will want to keep all payroll records for at least three years. For more information please read our help article, “What Employers Should Know About Employee Payroll Records.”
Let us know if you have any questions. We are here to help!
让我们知道如果你喜欢这个职位。这是唯一的way we can improve.