Do You Have the Right Social Security Number?
Employers should make it a practice to review employees' Social Security Numbers every year. Mismatched SSNs follow unreported income as a major cause of delayed return processing. This year, approximately 600 Vermont businesses were notified of mismatches between the SSN an employee used on a tax return and what the business used to report withholding.
Vermont Withholding
Many Vermonters under-withhold their Vermont income tax. This is due to differences between federal and Vermont withholding allowances and tax credits. For proper withholding, the Department recommends that all Vermont businesses have employees complete both Vermont Form W-4VT as well as federal Form W-4.
Here's why.