Maryland requires the pay stub to include basic information about your company as well as information on earnings, pay rate, deductions, and hours worked. They require businesses to pay Maryland unemployment insurance as a tax liability, with a rate that ranges between 0.3 and 7.5%, based on your business’ unemployment experience. In addition, Maryland exempts Social Security retirement benefits from being taxed. Multistate employers and those who employ workers in Maryland may wish to use affordable payroll software like Gusto to ensure that they’re in compliance with state and local labor and tax laws.
Our staff is committed to upholding the Jesuit ideals of this institution and to provide excellent service to our community, while focusing on future process and service improvements. The Employee’s Maryland Withholding Exemption Certificate, also known as Maryland Form MW507, is used to determine how much income tax to deduct from employee wages. When calculating overtime, only count the hours actually worked and not leave hours, such as vacation, sick time, holiday, etc. Some payroll services, such as ADP TotalSource will process your employee payroll based on central payroll bureau each employee’s salary or hours worked. Using payroll software like Gusto, you’d key in work hours manually, add bonuses, and input new hire data yourself. The Revenue Administration Division was created in July 1993, when the revenue divisions of the Comptroller of Maryland were reorganized from a tax-type to a functional basis.
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COLLECTIONS, & HEARINGS & APPEALSThe Annapolis Collections Section and the Baltimore Collections Section collect delinquent and deficient taxes administered by the Comptroller. These include personal income tax, employer withholding, sales and use tax, admissions and amusement tax, corporate income tax, and the tire fee. The Hearings and Appeals Section hears and issues decisions on all contested tax assessments. The Division operates the largest computer center in Maryland State government – the Annapolis Data Center.
W2 Wage and Tax Statement
Yet, the Comptroller must give a bond and keep the office at the seat of government (Code State Government Article, sec. 4-102). The Comptroller begins his duties on the third Monday in January following election (Const., Art. VI, sec. 5). The Comptroller also serves on the Maryland Commission on Public Art; the Financial Education and Capability Commission; and the Maryland 529 Board. Neither the Constitution nor the Annotated Code of Maryland specifies qualifications for this office. In order to do that, you will need your Social Security Number (SSN), date of birth, and the “Agency Number” and “Check/Advice Number” from your most recent paystub.
Central Payroll Bureau
The Division administers the finance, procurement and other administrative functions for the Comptroller. The Division also administers the Capital Grants and Loans Program for the Board of Public Works, and accounts for the sale of State General Obligation Bonds. FIELD AUDITField Audit audits all business taxes administered by the Comptroller. These taxes include alcohol and tobacco, corporate income, motor fuel, and sales and use.
COMPTROLLER OF MARYLAND
In addition, you’ll list any payroll deductions taken, such as for health insurance. If you have more than 15 employees, you must also show their leave balances, including leave accrued and taken. For the Comptroller, the Division administers finance, procurement and other administrative functions. In addition, the Division maintains a centralized mail room and supply facility, and oversees fleet management, timekeeping, and payroll.
Maryland’s payroll and employment laws are some of the most stringent in the country. The state charges income tax, has a minimum wage rate that’s higher than the federal government and has laws governing shift breaks, leave and equal pay. Maryland expects employers to withhold state taxes ― in addition to federal income tax withholdings ― for their employees. State taxes range from 2% and 5.75%, depending on the earner’s income and filing status. In addition, 24 counties in Maryland have local tax rates as well; those range from .0175% and 3.2%. Maryland is stricter than other states which may defer to federal minimums ― specifically when it comes to minimum wage, break times, and employee leave.
I keep remembering what a former director would often say “It takes a village to raise a child” and I couldn’t agree more. Every decision requires constant review of the many governing federal and state guidelines to ensure our compliance with the law. I’m very proud of our CPB staff members and their dedication to always strive for that Olympic score of “10” each and every day. If you close your account without notifying Central Payroll, Central Payroll will still attempt to deposit your funds into the account. If the account is closed, the direct deposit will “Fail” and it can take up to 3 Business Days before the funds are returned to the State of Maryland. Once this occurs, Central Payroll will issue a paper check and mail it directly to the employee’s Official Payroll Address.
- The Payroll Recovery Act (House Bill 1144, AK.A. Chapter 783) was passed during the 2017 General Assembly session.
- The Comptroller also serves on the Maryland Commission on Public Art; the Financial Education and Capability Commission; and the Maryland 529 Board.
- In addition, the Office supports the work of the Board of Public Works, and conducts policy research.
- Payroll providers will require two sets of data to set up your payroll processing in Maryland.
The Division processes paper and electronic tax returns; receives payments from individuals, corporations, businesses, employers, and fiduciaries; and issues refunds. Part of the revenue received is distributed to Maryland’s county and municipal governments. The Division processes paper and electronic tax returns; receives payments from individuals, corporations, businesses, employers, and fiduciaries; issues refunds; and maintains taxpayer records. Some of these differences come into play based on how many employees you have. In Maryland, you must provide company information, along with information about employees and their earnings ― their pay rate and how they are paid, such as hourly or salaried. You should also include the employees’ hours worked as well as the pay period start and end dates.
Of course, using timekeeping software like Homebase time and attendance data could be interfaced into payroll software, which includes hours taken for vacation or sick time off. Your payroll run would then process all that data into net pay amounts for each employee. The Bureau studies and analyzes all sources of revenue to operate State government (Const., Art. VI, sec. 2). The Information Technology Division operates a statewide computer network and provides data center disaster recovery capabilities. It also develops and maintains application systems for the Comptroller of Maryland and certain other State agencies.
The Division maintains the State’s general ledger and other accounting records, accounts for all State funds received and disbursed, and countersigns and distributes all State Treasury checks. Annually, the Division prepares the State’s general purpose financial statements. Once you submit the Direct Deposit authorization form, it may take up to 3-4 pay periods for your direct deposit information to take effect. Once an employee is in the payroll system, it will take 2 more pay periods for direct deposit to begin.
GENERAL ACCOUNTING DIVISION
The Division pursues all legal and reasonable means to identify and collect revenues due to the State. In personal and business tax collection cases, the unit also provides research, litigation representation, and other legal services. Homebase is easy to set up and use, has a mobile app, and offers communication tools to keep you informed of changes. It allows you to pre-approve time off requests and track sick leave, and it interfaces with popular small business payroll software.
- The bureau is currently complimented by three units including Operations, Accounting and Reporting and Information Technology.
- In addition, employers in Montgomery and Prince George counties pay an even higher minimum wage ― $12 and $11.50, respectively.
- In fact, direct deposit is allowed in Maryland only if the employee authorizes it; a Maryland employer cannot require an employee to use direct deposit.
- Some of these differences come into play based on how many employees you have.
- For the Board of Revenue Estimates, the Bureau prepares an analysis of the State’s economic outlook, and the itemized statement of anticipated revenue.
The Bureau studies and analyzes all sources of revenue to operate State government. For the Board of Revenue Estimates, the Bureau prepares an analysis of the State’s economic outlook, and the itemized statement of anticipated revenue. The Bureau also devises equitable and economical means to collect such revenue and may recommend new revenue sources. Proposals to change Maryland tax laws are analyzed by the Bureau to determine their fiscal impact. CPB strives to provide quality payroll services in the issuance of paychecks, deposit advices and W-2 wage statements for all permanent and contractual employees of all branches of state government. You’d also mark the last day worked for any employee who was terminated during the payroll cycle.