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Author: wpengine

Every employer should be aware of two components of SUTA: the annual wage base and the SUTA tax rate: Annual Wage Base: The annual wage base represents the maximum amount of wages subject to SUTA tax per employee for the year. For 2018, employers in California and Florida pay SUTA tax on the first $7,000 paid to each employee. Alaska, however, imposes SUTA tax on the first $39,500 paid to each worker. Once the annual wage base has been satisfied for an employee, the employer does not owe any more SUTA tax for that employee for the year. SUTA Tax Rate: These tax rates are based on varying factors, with the most common being whether the business is new, the employer’s industry (such as construction versus nonconstruction), and the amount of benefits claimed on the employer’s account. Generally, the more benefits claimed on the employer’s account, the higher the SUTA tax rate, which is why it’s crucial that you keep turnover at a minimum. Not Always Only an Employer-Paid Tax In most states, SUTA is an employer-paid tax. Three states — Pennsylvania, New Jersey, and Alaska — require withholding as well. If you have employees in any of these three states, you must withhold state unemployment tax from their wages at the state-mandated withholding rate and up to the maximum amount of wages allowed for the year.

Year End Accounting Resource Center

This page contains a multitude of year end accounting resources we have gathered from the web and produced internally for our clients. Use the navigation links below to scroll through the page to find the resources you need. If you would like a personalized consultation from one of our small business / QuickBooks accounting experts, please feel free to call (888) 232-4758 anytime, or request a year end review to get started.
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Why Hiring A Virtual Bookkeeper Can Maximize Your Productivity

These days, more businesses are turning to remote bookkeeping services due to technological advancement. For some businesses however, the concept of hiring a virtual bookkeeper is new and terrifying, while for others it simply won’t work. Over the past decade, a shift has occurred within the accounting and bookkeeping industries and the terms “virtual” and...

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Data Migration & Data Conversion – What You Need to Know

Obvious reasons to undergo a data migration or data conversion include change in costs for your accounting software; adopting new software solutions due to business expansion; trimming the size of historic financial data; to clean up issues with data integrity; and so on. Part of the concern is retention of historic company data – if deemed necessary to do so.

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QuickBooks 2018 Manufacturing & Wholesale

ORDER FULFILLMENT & MOBILE INVENTORY SCANNER HOW-TO GUIDE Complimentary E-Book QuickBooks 2018 has some truly game changing new features for inventory management. This detailed guide was created specifically for the manufacturing and wholesale industries, and those who would like to learn more about the new mobile barcode scanning and inventory management features...

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