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What Kind of Records Should You Keep for Your Business Income and Expenses?

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You may choose any record keeping system suited to your business that clearly shows your income and expenses. It can be as simple as a calendar showing business income earned each day and business expenses paid each day or they may be a detailed accounting system. The system of records should include enough information to […]

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Unemployment Tax

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State Unemployment Tax The State Unemployment Tax Act (SUTA) — also known as “state unemployment insurance” (SUI) — is a payroll tax paid by employers. States place these taxes into their unemployment funds to pay benefits to employees who have separated from their employer. SUTA rates vary by state. The state unemployment agency determines the tax rates […]

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