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Despite President Obama’s proposal to make the FUTA surtax permanent, Congress did not take action to extend the 0.2 percent surtax past its scheduled expiration on June 30. Mid-year changes to payroll taxes can complicate payroll processing and reporting requirements, particularly when changes involve federal taxes. About the FUTA The Federal Unemployment Tax Act (FUTA) …

There has been a lot of coverage regarding the extension of the “Bush-era tax cuts.” Now that congress has approved and President Obama has signed into law the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, one of the most exciting features for American workers will be the tax holiday. During the …

Jobs Bill Legislation (H.R. 2847) Employers that have hired qualified unemployed workers beginning on February 3, 2010, will not be required to remit the employer share of the Social Security tax (6.2 %) for those individuals while they are employed for 2010. The employer is still required to withhold and remit the employee’s share of …