Vermont New Employer Information

• Apply for an Employer Identification Number (EIN, aka, FEIN) with theIRS online.
• To read more about how to apply for an EIN, read our article,“Your Step-by-step Guide on How to Apply for EIN.”
• You will be assigned a unique nine-digit number to identify your business for your federal taxes by the IRS. To learn more, read,“What Is an FEIN?”

• Although it is not required, we suggest youregisterfor the EFTPS (Electronic Federal Tax Payment System).
• EFTPS is an easy way to pay your federal taxes online or view any tax filings made on your behalf by Patriot Software. To find out more about the EFTPS, read our article,“What Is EFTPS?”

• New employers in Vermont need to register their business for a payroll withholding account for state income taxes (SIT).
• You canregister onlinefor this account via the Vermont Secretary of State.

• New employers in Vermont will need toregister onlinewith the Vermont Department of Labor for a state unemployment insurance (SUI) account.
• All employers are required to file their quarterly UI Wages and Contribution Report electronically. You canregister for electronic servicesby going to Employer Online Services and selecting “Register for UI Quarterly Tax Reporting.”

• Most new employers in Vermont will have a new employer SUTA rate of 1% for 2022.
  • New employers classified with the NAICS code 236 Construction, 237 Heavy/Civil Engineering, 238 Specialty Trades foreign construction will be assigned a different new employer rate. For more information, visit theVermont Department of Labor.
• You will be assigned a new State Unemployment Tax Assessment rate every year after you have become an established employer.
• To learn more about SUTA, read our article,“What Is SUTA Tax?”

• Fill out the requiredForm I-9for employee work verification in the USA.
• This is a two-part form. The first section is filled out by the employee and the second part is to be filled out by the employer. To learn more, 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, read“What Should Be in an Employee File?”

• Employees need to fill outForm W-4, Employee’s Withholding Certificatefor federal income taxes (FIT).
• For more information, read our help article,”所得税扣缴表和更新What You Need to Know.”

Form W-4VTis the Vermont Employee’s Withholding Allowance Certificate for state income tax (SIT).

• Vermont employers need to报告新员工在线within 10 days of hire or rehire with the Vermont Department of Labor.
• To learn more, read,“What Is New Hire Reporting?

• Vermont’s minimum wage is $12.55 in 2022.
• By law, you are required to postthe Vermont minimum wage posterfor your employees.