Benefits of Outsourcing Accounting for Small Businesses
Small businesses have enough to worry about regarding their products and services, customers, making money, the economy, competition, employees,...
Taxable Wage Bases 2021 – 2024
State unemployment insurance taxes are based on a percentage of the taxable wages an employer pays.
The Federal Unemployment Tax Act (FUTA) requires that each state's taxable wage base must at least equal the FUTA wage base of $7,000 per employee, although most states' wage bases exceed the required amount.
Some states apply various formulas to determine the taxable wage base, others use a percentage of the state's average annual wage, and many simply follow the FUTA wage base.
See a chart of State Taxable Wage Bases for 2024, 2023, 2022, and 2021 below. States that have changed their wage base for 2024 are highlighted in bold face.
Accounting Mishaps: It happens to Us All.
Accounting…accounting…accounting. So many rules to remember, so many things to record, so many deadlines to meet! It can definitely get a little...
How Bill.com Can Revolutionize Your Bill Pay
Bill.com is a web application where you can store vendor information and process payments. This helps a company stay on track of who, what and when...