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Hancock County, kentucky .The work-related costs in Hancock County, Kentucky, are a major way to obtain income tax help for the county government.

Hancock County, kentucky .The work-related costs in Hancock County, Kentucky, are a major way to obtain income tax help for the county government.

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Occupational License Costs

Function

The permit charges are essential to give the higher things for Hancock County.

Whom Need To Pay

  1. Everybody or company (including a self-employed person, single proprietorship, partnership, business, relationship or any other entity) which includes any task within Hancock County, Kentucky, is needed to pay work-related costs on the internet earnings of their company procedure or enterprise utilizing the exception of: (1) nobody or company using a lot more than 100 people when you look at the county into the production procedure for gain or revenue will probably be needed to spend a license charge on web earnings. (2) no individual or business that pays a franchise income tax into the county will probably be expected to pay a license cost on net earnings. No permit taxation will probably be imposed upon or built-up from anybody, corporation or firm where in actuality the county is forbidden for legal reasons from imposing a license income tax.

  • Every worker whom works in this taxing jurisdiction is at the mercy of work-related charges on their gross profits. Companies have to withhold the fees that are occupational payday and remit quarterly to your Hancock County Administrator.
  • Taxpayer Demands

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

    Yearly profits that are net – At the conclusion of each calendar (or fiscal) 12 months, businesses or enterprises have to file Form Bus. no. 1, reporting net earnings susceptible to the occupational costs. The taxation price on business or enterprise profits won in Hancock County is presently 1.60% (effective January 1, 2020).

  • Employee Withholding – Every manager 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. By the end of each twelve months, companies would be expected to submit the title, target, social protection quantity, gross wages and quantity of work-related charges withheld for each employee. The taxation price on quantities received in Hancock County, Kentucky is 1.60% regarding the gross wage on all workers.
  • Any queries or information that is further the occupational costs in Hancock County must certanly be directed to your attention for 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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