Basics
When FUTA Taxes Are Due
Employers pay their FUTA tax to the IRS either quarterly or once a year, depending on how much…
August 16, 2021 · Boomi NathanBasics
Basics
What the FUTA Tax Credit Reduction States Are & How It Works
The federal FUTA tax rate is 6% on the first $7,000 paid to each employee. That’s the full…
August 16, 2021 · Boomi NathanBasics
2018 FUTA Tax Rate & Form 940 Instructions
The Federal Unemployment Tax Act (FUTA) requires employers to pay a tax of 6% on the first $7,000…
August 16, 2021 · Boomi NathanBasics
How to Choose Your LLC Tax Treatment
There are a number of factors to consider when deciding which entity type to choose for LLC tax…
August 16, 2021 · Boomi NathanBasics
What Your Responsibilities for LLC Taxes Are
The owners or members of the LLC are responsible for filing LLC tax returns and paying any state…
August 16, 2021 · Boomi NathanBasics
How to File LLC Tax Returns
There are four different ways to file tax returns for an LLC. LLCs treated as a Sole Proprietorship…
August 16, 2021 · Boomi NathanBasics
Small Business LLC Taxes & LLC Tax Returns [+ Free Checklist]
How LLC Taxes Work A limited liability company (LLC) tallies up its income and deductions for the year.…
August 16, 2021 · Boomi NathanBasics
Section 179 Calculator: Calculate Your Tax Savings
Section 179 is a type of tax deduction that lets you deduct up to $1 million in equipment…
August 16, 2021 · Boomi NathanBasics
Xero Accounting Software & Alternatives
Xero is an affordable, user-friendly accounting software that is capable of managing all of your business income and…
August 16, 2021 · Boomi NathanBasics
Manually Calculate Payroll Checks
For most small business owners, outsourcing payroll to a payroll software company like Gusto is going to be a huge time saver…
August 16, 2021 · Boomi Nathan