On February 22nd President Obama signed The Middle Class Tax Relief and Job Creation Act of 2012 (H.R. 3630). The news media reported that this bill extends the emergency jobless benefits and the Social Security payroll tax cut through the end of the year. However, there are additional provisions in this legislation that will have [...]
Service Bulletins
Budgeting for FUTA (Federal Unemployment Tax) for 2012
February 1st, 2012
The federal unemployment tax rate for employers has become a moving target, making budgeting for this expense more difficult. Your FUTA tax payments for 2011 are not a good predictor of your 2012 liability, which will be higher for most multi-state companies. The problem is that federal loans to the state UI trust funds can [...]