Unemployment Insurance Tax (FUTA/SUTA) requirements for other states Federal law and guidance on this subject should be reviewed together with this section. Author: Vicki M. Lambert, The Payroll AdvisorSummaryIn Florida, the common law test is used to determine who is an employee for purposes ...
Pay taxes owed promptly.In addition to avoiding costly late fees, paying taxes on-time may help you reduce your federal tax burden. A tax credit of 5.4% on FUTA taxes is often granted to businesses who stay current with SUTA taxes, reducing the FUTA tax rate to 0.06%. It’s important ...