Hancock County, kentucky .The work-related charges in Hancock County, Kentucky, are a major supply of income tax support for the county federal government.

Hancock County, kentucky .The work-related charges in Hancock County, Kentucky, are a major supply of income tax support for the county federal government.

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Occupational License Charges

Function

The permit costs are essential to give the greater things for Hancock County.

Whom Must Spend

  1. Everyone or company (including a self-employed person, sole proprietorship, partnership, organization, relationship or other entity) that has any task within Hancock County, Kentucky, is needed to spend work-related charges on the web earnings of its company procedure or enterprise utilizing the exception of: (1) nobody or business using significantly more than 100 individuals when you look at the county into the production procedure for gain or revenue will probably be needed to spend a permit cost on web earnings. (2) no individual or business that pays a franchise taxation to the county will be needed to spend a license cost on net earnings. No permit taxation will be imposed upon or obtained from anybody, company or business where in fact the county is forbidden for legal reasons from imposing a license income tax.

  • Every worker who works in this taxing jurisdiction is susceptible to work-related costs on his earnings that are gross. Companies have to withhold the work-related charges each payday and remit quarterly to your Hancock County Administrator.
  • Taxpayer Demands

    1. Advance Registration Fee – Every company or enterprise must register to pay for work-related fees by filling in a Questionnaire obtainable from Hancock County Administrator.

    Yearly Net Profits Return – At the conclusion of each calendar (or financial) 12 months, companies or enterprises have to file Form Bus. # 1, reporting net profits at the mercy of the work-related charges. The income tax price on business or enterprise profits gained in Hancock County is currently 1.60% (effective January 1, 2020).

  • Worker Withholding – Every boss who may have workers involved in this taxing jurisdiction must withhold the right fees that are occupational payday and remit these amounts quarterly on kinds that will be supplied by the Administrator. At the conclusion of each twelve months, companies may be necessary to submit the title, target, social protection quantity, gross wages and level of work-related charges withheld on each worker. The taxation price on quantities attained in Hancock County, Kentucky is 1.60% regarding the wage that is gross all employees.
  • Any concerns or more info concerning the occupational charges in Hancock County should always be directed to your attention associated with the Hancock County Administrator (270) 927-8788.

    More Information

    Hancock County Occupational Tax Workplace

    Stacy Bozarth, Administrator PO Box 416 Hawesville, KY 42348 (270)927-8788 Fax: (270)927-0999

    Office Hours: Mon., Tues., Wed. & Fri 8 am – 4 pm Thur., 8 am – 5:30 pm

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