August 6, 2015 8:00 AM
As far as titles go, I know this one isn’t too catchy. I mean, we all know the taxman’s coming. He always is. What else is new? Nothing yet, but if President Obama’s proposed fiscal year 2016 budget goes through unscathed, a lot may be new according to Thomas and Thorngren.
May 21, 2015 8:00 AM
Many small business owners can tell you in a given day what they are paying for fuel in their fleet of vehicles, how much their labor costs are, what their inventory costs are, etc., etc., but most cannot tell you their Unemployment Tax Rate.
No, it's not because owners don't care about the bottom line. More likely, this is because many business owners do not understand that Unemployment Tax is an expense that can be controlled.
April 1, 2013 11:50 AM
I got a call last week from a client who has only been with us for a few months. He started back in July of 2012 and just received his first few invoices from the new year. He was pretty upset that his state unemployment tax had gone up substantially compared to November and December. Being in the payroll business for about 20 years, and with this being about the tenth of these calls I’ve taken in January, I knew where this conversation was going to lead.
The first question I ask is "Did you know about the State Unemployment Tax Authority (SUTA) wage cap?" In Ohio, the employer is only charged SUTA tax on the first $9,000 in earnings for each employee.