• FUTA Credit Reduction and Managing Your Unemployment Tax

  • Sep 1 2023
  • Duración: 28 m
  • Podcast

FUTA Credit Reduction and Managing Your Unemployment Tax Por arte de portada

FUTA Credit Reduction and Managing Your Unemployment Tax

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  • Resumen

  • Employers rarely pay the full Federal Unemployment Tax Act tax rate of 6%, more often paying only 0.6% in the end. However, there are circumstances that may cause an employer to lose this reduced rate, which can significantly impact the amount they owe in unemployment tax. Wayne Rottger and Michael Orton explore the basics of the FUTA credit reduction and the scenarios affecting the rate employers are responsible for, including some situations that are completely out of your control. Tune in to learn how employers can avoid losing the reduced rate, or better manage the inevitable loss if caused by the state where they do business.
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