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Welcome to A. Andrew
Harrison CPA P.C. Certified Public Accountant |
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Form 940 |
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Employer’s Annual Federal
Unemployment (FUTA) Tax Return Form 940 Basic things you should know are as
follows: 1-A Form 940 is used to report
annual Federal Unemployment Tax Act (FUTA) tax. FUTA tax provides payments of
unemployment compensation to workers who lost their jobs. It is a tax imposed
on the employer only. The tax applies to the first $ 7,000 of wages. 2 You must file Form 940 if
test 1 or 2 applies. Test-1: You paid
wages of $ 1,500 or more in any calendar quarter Test-2: You had one
or more employees for at least some part of a day in any 20 or more weeks. 3-File Form 940 for the
calendar year by January 31 of the following year. ©/2003 to 2009 A Andrew Harrison CPA P.C. love a challenge |
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Industry Look |
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Contact us now |
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718.363.9500 We study the industry for our client's so they would not have to and rate each company based on its industry. |
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