Employer Identification Number (EIN) Application Process
Apply online to receive an Employer Account Number within 7 days. Find an existing number on Form TX-17, Employers Quarterly Wage Report or contact the Division of Taxation. An EIN identifies your business to agencies. Once registered, you will receive an eight-digit employer payroll tax account number.
Understanding EIN and Its Importance in Rhode Island
In starting an LLC in Rhode Island, understanding the importance of an Employer Identification Number (EIN) is crucial. An EIN is a unique nine-digit number assigned by the IRS to identify businesses in the US.
SUTA Tax and Wage Base in Rhode Island
Rhode Island has a two-tier wage-based system. The wage base is $28,200 for all other employers and $29,700 for high-rate employers. The SUTA tax rate for 2021 ranged from 1.1% to 9.7%.
Temporary Disability Insurance (TDI) in Rhode Island
All Rhode Island employers, except public agencies, must participate in the Temporary Disability Insurance (TDI) program. It is administered by the Department of Labor and Training.
If you need more information on Rhode Island’s Employer Identification Number (EIN) application process or SUTA tax regulations, feel free to ask!