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PLEASE RETURN THIS FORM WITH PAYMENT Form 541
CITY OF STANFORD, KENTUCKY
EMPLOYERS PAYROLL TAX RETURN
STANFORD OCCUPATIONAL LICENSE FEE
BUSINESS NAME & ADDRESS HERE Return for Period Ended:
Number of Employees subject to
Stanford License Fee:
All organizations are required to submit .65% from gross wages paid employees for service
within the City of Stanford. Payment and this return are due on the last day of the month
following the end of a quarter which is a period of three calendar months ended on March 31,
June 30, September 30, or December 31.
INSTRUCTIONS
Line 1: Enter total compensation paid during this quarter regardless of when or where earned.
Line 2: Enter the amount included in line 1 which represents payment for services performed or work done outside
Stanford. The employer must maintain adequate records to substantiate this amount.
Line 5: A penalty of 1% is imposed for each month or fraction thereof after the due date of the return during which
the license fee remains unpaid, to a maximum of 10%.
Line 6: Interest accrues on unpaid license fees as defined in KRS 131.010(6) from the due date of the return until
paid. (The interest rate for 2000 is 9%).
If would like a copy of Stanford Occupational License Fee Ordinance or have any questions, please contact Sandy
Gooch, City Clerk at (606) 365-4500.
WORKSHEET
1. Total salaries, wages, commissions, and other compensation
2. Amount included in line 1 paid for services outside Stanford
3. Compensation subject to Stanford Payroll Tax (line 1 minus line 2)
4. Stanford Payroll Tax Due (.65% of line 3)
5. Penalty (see instructions)
6. Interest (see instructions)
7. Total amount due (sum of lines 4, 5, and 6)
I declare that to the best of my knowledge, and subject to City of Stanford Fines and Penalties, this is a true, correct, and complete return.
Date: Signature: Title:
Make Check Payable To: City of Stanford, 305 East Main Street, Stanford, KY 40484
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