Archive for the ‘Tax Articles’ Category
What’s New in Form 940 (FUTA) for 2011
The expiration of the Federal Unemployment Tax Act (FUTA) surtax in June 2011 means you’ll see some changes on the 2011 Form 940 when you file it in January. In addition, there are 21 states subject to FUTA credit reduction. The IRS has posted Form 940 and Schedule A (Form 940) for 2011 so you can see the changes.
Texas Supreme Court Rules on Franchise Tax
The Texas Supreme Court ruled that the franchise tax does not impose a tax on a natural person’s share of partnership income, without voter approval, in violation of Article VIII, §8 (Bullock Amendment) of the Texas Constitution.
Updated Forms Available to Download
We have many commonly used federal and Texas forms, information and instructions regarding these forms and important government publications, all in one handy location. These have all been recently updated to ensure you get the latest form and information available.
You can find them here.
Employee Rights Notice Posting Required from NLRB
The National Labor Relations Board (NLRB) has issued a final rule requiring nearly all U.S. businesses to post a notice telling employees their union rights. This is a new federal requirement.
New Changes to Texas Agricultural Exemption Beginning January 2012
Texas has passed new legislation requiring registration and new exemption certificates for Agricultural Tax Exemption claims that goes into effect January 1, 2012.
