IRS Revamps Schedule A for 2011

The Internal Revenue Service (IRS) has issued a revamped Schedule A for Form 940 for 2011. The revised Schedule A includes a line for every state as well as the District of Columbia, Puerto Rico, and the US Virgin Islands. Revamped Form Necessitated by Increase in...

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IRS Releases 2011 Form 940

The Internal Revenue Service (IRS) has released the 2011 Form 940, Employer’s Annual Federal Unemployment (FUTA) Tax Return, and accompanying instructions. Employers use Form 940 to report their annual Federal Unemployment Tax Act (FUTA) tax. Twenty Credit Reduction...

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Arkansas Advance Interest Tax Took Effect April 1, 2011

The Arkansas Advance Interest Tax took effect April 1, 2011. The purpose of the tax is to pay interest on Title XII advances received from the federal government to pay regular unemployment insurance benefits. The amount of the tax is 0.2% and the tax will remain on...

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Arkansas Unemployment Wage Base to Increase to $12,000

The Arkansas Department of Workforce Services has announced an increase in the taxable wage base for 2010. The wage base will increase from $10,000 for 2009 to $12,000 for 2010. Contact Vision Payroll if you have any questions on Arkansas unemployment taxable wage...

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