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Payment / Filing Options for Business
You can make an Electronic Funds Transfer (EFT) of money from one financial institution to another through either Automated Clearing House (ACH) Debit or ACH Credit. ACH is a nationwide network used by the Federal Reserve to handle electronic payments. Electronic payments are a safe and efficient way to make tax payments.
Payment Methods
There are two basic methods of paying by EFT – ACH Debit and ACH Credit.
- When you use ACH Debit, you authorize how much and when the City can take money from your bank account to pay your taxes.
- When you use ACH Credit, you tell your bank how much and when to send money to the City to pay your taxes.
The City of Sidney accepts ACH Debits via the Ohio Business Gateway (OBG). ACH Debit is typically free. Neither the City of Sidney nor OBG charges additional fees for its use. You may utilize ACH Debit to pay for the following taxes:
- Business Income (Net Profits) Taxes
- Employer Semi-Monthly, Monthly or Quarterly Withholding Payments
- Estimated Payments
- Payment made with the filing of annual return
Paperwork
If paying by ACH Debit (via the Ohio Business Gateway), you won't need to file any additional paperwork with the City of Sidney for the following:
- Business Income (Net Profits) Taxes
- Employer Withholding Taxes
- Estimated Payments
- Extension Requests
- Semi-monthly, Monthly and Quarterly Withholding Returns and Payments
The ACH Credit Program permits you, as a taxpayer, to electronically pay:
- Quarterly Estimated Tax Payments (For your business income (net profits) taxes)
- Semi-Monthly, Monthly, or Quarterly Withholding Tax Payments
Settlement Dates & Required Addendum Information
You are able to select the settlement date on which your remittance will be deducted from your bank account. With this program, you will need to contact your bank to have them send the funds to the City of Sidney.
Further, if you are able to transmit certain required addendum information along with your electronic payment, you will satisfy your coupon filing requirement as well. Only the Annual Withholding Reconciliation (Form KW-3) and W-2's need to be filed with the City; all semi-monthly, monthly, or quarterly withholding returns and payments are transmitted electronically.
Tax Returns
Annual Income (Net Profits) Tax Returns must be submitted to the City of Sidney in paper form along with all supporting schedules, forms, and statements.
Fees
The City of Sidney does not charge any fees for its use. Bank fees for ACH Credits vary, depending on your bank. Some banks offer software that allows you to initiate your own payments from your computer. Others process the ACH Credits for you.
Sign Up
To sign up to pay by ACH Credit, view our File Layout Specifications (PDF) that you will need for preparation of your ACH credit file transmissions.