Small Business Guide - Welcome to Alabama A&M University

S m a l l B u s i n e s s H a n d b o o k f o r N o r t h A l a b a m aStep 6: Unemployment Insurance Tax RegistrationBusinesses with employees are required to pay unemployment insurancetaxes under certain conditions. If your business is required topay these taxes, you must register your business with the state'sworkforce agency. The State Taxes page includes the website belowthat provides a link to each state's agency.http://www.business.gov/manage/taxes/state.htmlStep 7: Post Required NoticesEmployers are required by state and federal laws to prominently displaycertain posters in the workplace that inform employees of theirrights and employer responsibilities under labor laws. These postersare available for free from federal and state labor agencies. Using thewebsite below, an employer can find workplace posters needed fortheir business for both the state and federal governments.http://www.business.gov/business-law/employment/posters/Step 8: File Your TaxesIf you are a new employer, there are new federal and state tax filingrequirements that apply to you. Generally, each quarter, employerswho pay wages are subject to income tax withholding, social security,and Medicare taxes and must file IRS Form 941; Employer's QuarterlyTax Return. Small businesses with an annual income tax liability of$1,000 or less may file IRS Form 944; Employer's Annual Federal TaxReturn instead of Form 941. Employers must also file IRS Form 940;Employer's Annual Federal Unemployment (FUTA) Tax Return, if theypaid wages of $1,500 or more in any calendar quarter or had one ormore employees working 20 or more weeks of the year.21