Tax compliance is one of the most important responsibilities that new business owners undertake. Every time a business processes payroll, the proper payroll taxes must be withheld from each employee or paid by the employer. Federal Unemployment Tax, or FUTA, and State Unemployment Tax, or SUTA, make up one portion
Tax compliance is one of the most important responsibilities that new business owners undertake. Every time a business processes payroll, the proper payroll taxes must be withheld from each employee or paid by the employer. Federal Unemployment Tax, or FUTA, and State Unemployment Tax, or SUTA, make up one portion
The Employee Retention Tax Credit (ERTC) is a refundable tax credit designed to keep employees on payroll. Businesses who have seen a significant decrease in their gross sales and have been subject to a government shutdown/slowdown may be eligible for credits of up to $5,000 per employee on 2020