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What is SUTA? Tax Rates, Obligations, Calculations

November 24, 2021

Becoming an employer means taking on responsibilities such as running a payroll. These are responsibilities you need to fulfill towards your employees, and one of those responsibilities is withholding certain payroll taxes, such as the State Unemployment Tax Act (SUTA).Ensuring that your business complies with government regulations every year with...

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What Is FUTA: Overview of FUTA Tax Rates, Calculations, Credits

November 8, 2021

The Federal Unemployment Tax Act, or FUTA, is a policy that requires employers to pay payroll taxes helping states to provide unemployment benefits or compensation to employees whose contracts ended or terminated. Although, FUTA only applies to workers not dismissed for gross misconduct.Employers file and report FUTA taxes annually with the Interna...

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