COLUMBUS, Ohio – The Ohio Department of Job and Family Services has adopted a new rule that will make it possible for Ohio employers with multiple businesses to file unemployment tax reports under a single primary account.
Known as “common paymaster reporting,” the change is effective Jan. 1, with online processing slated to launch by the end of the month.
“We’ve listened to Ohio employers and made the unemployment tax filing process more efficient and streamlined so that they can concentrate on running their businesses,” said Matt Damschroder, ODJFS director. “This small change will have a big impact, as it will cut down burdensome red tape and save employers time and money.”
Before the change, Ohio employers that had multiple locations or subsidiaries had to file separate quarterly wage reports for each entity to ODJFS for unemployment tax purposes. Ohio employers will now be able to file one quarterly wage report for all of their businesses using one primary account.
The revised rule adopted a provision in the Internal Revenue Code that allows related corporations to designate one entity as the “common paymaster” for employees who work for multiple subsidiaries within the same corporate group.