HR Strategies Informs of FUTA Tax Changes - Bringing Increases
HR Strategies informs employers that they can expect to see an increase in their FUTA taxes filed on Form 940 in January 2013 for wages paid to their workers in 2012. (PRWEB) January 14, 2013 Over the last several years unemployment claims have been on the rise. As a result, many states have depleted their Unemployment Insurance (UI) Trust Funds and have had to take Federal Unemployment Trust Fund loans in order to pay the residents of their states UI benefits. The Federal Unemployment Tax Act (FUTA) levies a federal tax on employers covered by a state’s UI program, with the standard bei
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