Manage Your Business’s Unemployment Taxes

By Dana McGuffin | July 29, 2021 | Comments Off on Manage Your Business’s Unemployment Taxes

  As a business owner, you’re required to pay three different types of payroll taxes. 1. FICA (Federal Insurance Contributions Act) is the tax used to fund Social Security and Medicare programs. 2. FUTA (Federal Unemployment Tax Act). Employers pay this federal tax to provide unemployment benefits to laid-off workers. 3. SUTA (State Unemployment Tax…

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Common Tax Mistakes When Selling a Home

By Dana McGuffin | July 15, 2021 | Comments Off on Common Tax Mistakes When Selling a Home

With home sales booming throughout much of the country, you may decide that now’s the right time to put your abode on the market. If you do put your primary residence up for sale, try to steer clear of the following mistakes. Not qualifying for the home sale exclusion. If you’ve owned and used your home…

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