Patriot PAY is a cost-effective payroll software for Illinois small businesses.
Starts at $10!
Illinois small business owners can trust
Patriot PAY to stay informed on the latest news and payroll updates in the state:
- New Business Registration Requirements -- All new Illinois business owners must register by filing Form REG-1. You can find the registration form at Illinois.gov.
- Payroll Withholding -- Employers must fill out Employee's Illinois Withholding Allowance Form IL-W-4.
- Chicago Employer Expense Tax -- As of 7/1/2011, an employer will be subject to $4 a month for each employee on their payroll or for each commission merchant who earns $4,300 or more in a calendar quarter.
- State Unemployment Insurance (SUI) -- Employers must fill out Form UI-1 to register as an employer and determine their payroll liability for state unemployment.
Employers must complete Form UI-3/40, Employer's Contribution and Wage Report, by the last day of the month following the end of the quarter. Employers can access these forms at Illinois Dept. of Employment Security.
- New Hire Reporting Laws -- Within 20 days, all employers must report to the Illinois New Hire Directory all new hires, rehires, and employees returning to work.
- Labor Laws -- The minimum wage is currently $8.25 (as of 7/1/10).
Termination pay: If employees are fired or quit, they should receive their termination pay on their next regular payday.