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Occupational License Charges

Function

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

Whom Must Spend

1. Everyone or company (including a individual that is self-employed single proprietorship, partnership, business, relationship or any other entity) which includes any task within Hancock County, Kentucky, is needed to spend work-related charges on the web earnings of the company procedure or enterprise aided by the exception of: (1) nobody or business employing a lot more than 100 people into the county within the production procedure for gain or profit will be needed to spend a license cost on web earnings. (2) nobody or business that pays a franchise income tax into the county will be needed to pay a license cost on web earnings. No permit income tax will probably be imposed upon or gathered from anyone, company or organization in which the county is forbidden for legal reasons from imposing a license taxation.

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

Taxpayer Demands

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

Yearly Net Profits Return – At the conclusion of each calendar (or financial) 12 months, companies or enterprises have to register Form Bus. no. 1, reporting net earnings susceptible to the fees that are occupational. The income tax price on business or enterprise profits attained in Hancock County is currently 1.60% (effective January 1, 2020).

Worker Withholding – Every boss that has workers employed in this taxing jurisdiction must withhold the right work-related charges each payday and remit these amounts quarterly on types that will be supplied by the Administrator. By the end of each twelve months, companies is going to be necessary to submit the name, target, social safety quantity, gross wages and number of work-related costs withheld for each worker. The taxation rate on quantities made in Hancock County, Kentucky is 1.60% associated with the wage that is gross all workers.

Any concerns or more information concerning the work-related charges in Hancock County must certanly be directed into the attention for the Hancock County Administrator (270) 927-8788.

Extra 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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