FUTA Credit Reduction

December 15, 2016By KROST

Original Post by Jane Park on RestaurantAccountants.com Recently, the U.S. Department of Labor announced that California and the Virgin Islands are subject to the 2016 FUTA credit reduction. The Federal Unemployment Tax Act or Federal Unemployment Trust Account(FUTA) is the law that structures the details on how states will operate their unemployment benefit programs. Employers … Read More