File Workers Compensation Insurance
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Workers’ compensation is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee’s right to sue their employer for the tort of negligence. Workers compensation insurance is required for any business with employees or that receives a W-2 as an owner/member/shareholder. The owners of the company can be exempt from unemployment insurance, but the filing must still be made with the statement of exemption. The statement of exemption is an additional $50.
Required for W-2 Payroll
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Owners can be exempt
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Licenses, Permits & Insurance
Obtaining a business license, permits and state insurance coverage is now the law for all new and established business owners. A business license serves many purposes including having the ability to purchase wholesale, withhold and pay taxes, hire employees, unemployment and workers compensation to name a few.
Failure to register your Idaho or Washington company with the state could result in fines, notices, and the inability to conduct business.
New business owners should identify all licensing requirements that may apply to their business before beginning to operate. This can sometimes be tricky as there are a growing number of licenses and permits including, zone, occupational, resell, tax, health and much more.
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We perform all accounting, bookkeeping, and payroll online for convenience and cost savings.