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Payroll Tax Changes for 2012

940 FUTA Unemployment tax The Federal Unemployment (FUTA) tax rate will be calculated using the same as the 2nd half of 2011.  This rate had decreased to 0.6% of the first $7,000 of each taxable wages...

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2014 Year-end Payroll tax information and 2015 updates

Social Security and Medicare withholding The employee’s and employer’s portion of social security taxes withheld has remained unchanged (6.2%). The wage base for 2014 is $117,000. In 2015 the wage base...

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Can Your Business Save More by Paying More?

A client recently sent me a notification they received from the Ohio Department of Job and Family Services (ODJFS) informing them that they could reduce their unemployment tax rate by making a...

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