Denver Bookkeeper: Budding Entrepreneurs and Filing Unemployment Taxes

According to trusted Denver bookkeeper services, unemployment taxes are only applied to the first $7,000 an employee earns. If an employee earns more than $7,000 per annum, the rest of his or her salary is not taxed. The unemployment tax rate is 6 percent. Take note that unemployment tax is an employer-paid tax. You cannot withhold the tax from an employee’s pay. With that in mind, you have to carefully organize your books to see where you can take money to pay employment tax contributions. Fortunately, there are tax credits you can apply for to help cushion the blows unemployment taxes render to your bottom line. However, these credits only take effect if you are able to forward your monthly payments on time. You may want the help of an experienced bookkeeper in Denver, like one from B2 Accounting and Bookkeeping, to help you compute your contributions and guarantee you pay on time every month.
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