If you are a business owner in Kentucky, it is important to be aware of the state’s payroll laws. By understanding the basics of Kentucky payroll laws, you can ensure that your business is in compliance with all applicable regulations.
What should I know about this?
One of the most important aspects of payroll is withholding taxes from employee paychecks. In Kentucky, the state income tax rate is currently set at five percent. Employers are responsible for withholdings taxes from employee paychecks and remitting those funds to the state government.
In addition to withholding state income taxes, employers must also withhold federal payroll taxes. The current federal payroll tax rate is six point two percent. As with state income taxes, employers are responsible for withholdings these funds from employee paychecks and remitting them to the appropriate government agency.
Employers in Kentucky are also required to provide employees with a wage statement each payday.
We hope this information has been useful to you.
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