Watch Out for Tax-Related Scams
According to the IRS, thousands of people have lost millions of dollars and their personal information to tax scams. Criminals have been known to contact victims through regular mail, telephone calls, and email messages. Here are just two of the scams the tax agency has seen in recent months. 1. Fake property liens. A tax […]
Understanding and Controlling the Unemployment Tax Costs of Your Business
As an employer, you must pay federal unemployment tax (FUTA) on amounts up to $7,000 paid to each employee as wages during the calendar year. The tax rate imposed is 6% but this can be reduced by a credit (described below). Most employers end up paying an effective FUTA tax rate of 0.6%. An employer […]