state unemployment insurance

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The Tax Corner – December 2014

By Nancy Espinoza, Tax Manager IRS Announces 2015 Pension Plan Limits The elective deferral (contribution) limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan will increase in 2015 from $17,500 to $18,000. The catch-up contribution limit for employees aged 50 and over who participate in 401(k), [...]

By | December 16th, 2014|Accountants, December 2014, Newsletter, Taxes, Unemployment|0 Comments

The Tax Corner – November 2014

Department of Labor Announces Increased FUTA Costs for Employers in 7 States Due to outstanding federal loans, employers in 7 states plus the Virgin Islands will owe additional Federal Unemployment Tax Act (FUTA) tax for 2014. Employers in FUTA “credit reduction” states will be charged an additional 1.2% to 2.2% of the first $7,000 in [...]

By | November 18th, 2014|Business Planning, Newsletter, November 2014, Reporting, Taxes, Wages|0 Comments