Manpower Tax Penalty
Manpower Tax Penalty, Employment Agency Audit the penalty and due date of the tax audit report for Manpower & Employment Agencies (MEAs) vary depending on the state.
In Wisconsin, for example, MEAs are required to file a tax audit report with the Department of
Revenue by the 15th day of the fourth month following the close of their fiscal year.
The penalty for failing to file the report on time is 5% of the tax due, with an additional 5% per month for each month the report is late, up to a maximum of 25%.
For more information visit this site: https://www.incometax.gov.in
Here are the Manpower Tax Penalty and due dates for tax audit reports for MEAs in some other states:
1. California:
The penalty for failing to file the report on time is 10% of the tax due, with an additional 5% per month for each month the report is late, up to a maximum of 50%.
The due date is the 15th day of the fourth month following the close of the fiscal year.
2. Florida:
The penalty for failing to file the report on time is 5% of the tax due, with an additional 5% per month for each month the report is late, up to a maximum of 25%.
The due date is the 30th day of the fourth month following the close of the fiscal year.
3. New York:
The penalty for failing to file the report on time is 10% of the tax due, with an additional 5% per month for each month the report is late, up to a maximum of 50%.
The due date is the 15th day of the fifth month following the close of the fiscal year.
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