Payroll Tax Solutions Blog
  • FUTA Credit Reduction: How to Prepare

    Friday, November 09, 2012
    Payroll Tax Management

    Date: Friday, November 09, 2012

    Today is the deadline for states who borrowed money from the Federal Unemployment Account to repay their loans before they receive FUTA Credit Reductions. The Department of Labor determines the credit reduction states for each year, and will announce the states affected after the November 10th deadline has passed. Last year 20 states’ FUTA credit was reduced, and they are expecting a similar number for this year. At Payroll Tax Management, we found a few ways to make this credit reduction a more painless process, especially when many of the same states are likely to face FUTA credit reductions again. ..

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    • American Payroll Association
    • National Association of PEOs (NAPEO)
    • Independent Payroll Providers Association