Some people have been working out of their homes for many years, while others have had to establish a home office recently. Working from home has gone from a luxury to a necessity due to the coronavirus pandemic. Working from home brings its own opportunities and complications as well. It can be a challenge to […]
Names are the foundation on which you build your business. The core of your brand is a name your customers know and associate with your company’s qualities. Therefore, choosing and trademarking a name should be an essential part of your initial research and brainstorming before you start your business. As you consider a name for […]
In order to fund his American Families Plan proposal, Biden has reiterated his desire to increase capital gains and dividends tax rates. With a proposed federal tax rate of 39.6% combined with average state taxes and a 3.8% net investment income tax, the wealthiest in the nation with more than $1 million in adjusted gross […]
Rental income is one of the most important parts of real estate. Many landlords may not realize that there are several ways to make rental income beyond collecting rent checks. Rental income comprises more than just direct income from tenants. Here’s what you should know about the different types of rental income and how it […]
Joe Biden’s tax plan will inevitably go through some changes in its path through the legislative process until it actually takes effect. Still, we can get a sense of Biden’s priorities by imagining what the tax plan would look like according to the tax policy proposals the Biden-Harris campaign has released. Biden’s tax plan affects […]
The coronavirus pandemic has forced more people than ever before to work from home. For some that might be a dream come true, but not everyone adjusts well to working remotely. People who work regularly from home might already have an established workspace, but many people during this crisis have had to improvise. Some might […]
Involuntary unemployment can happen at any time, and the United States government has programs in place to lighten the load for Americans who are affected. Established in the 1930s, the Federal Unemployment Tax Act (FUTA) requires employers to pay taxes to the federal government based on their number of employees. These taxes are not withheld […]
As an employer, you’re tasked with an array of recordkeeping duties from the government. You’re also responsible for paying federal and state unemployment taxes in most situations. The Federal Employment Tax Act (FUTA) requires that American employers pay a certain rate, usually 6 percent depending on the state, on the first $7,000 paid to each […]
In the United States, the federal and state governments collect taxes from employers to support benefits for the involuntarily unemployed. These taxes have been around since the establishment of the Federal Unemployment Tax Act in the 1930s, and they are a major payroll liability for employers in addition to Social Security and Medicare taxes. Employers […]
Established in the 1930s, the Federal Unemployment Tax Act (FUTA) was put in place to mitigate the blow of involuntary unemployment. The current law requires that employers file Form 940. The taxes they pay are not deducted from wages but rather come directly from the employer based on the number of employees the company has. FUTA […]
