Sage 100

FUTA credit changes for 20 states. I just received this update from my local payroll processing contact. It appears that FUTA credit changes for many states - which means the annual FUTA rate is higher (because the credit is lower). This is typically paid on form 940. Many businesses may pay this during each pay period depending upon the $$ volume of their tax. I think since the credit amount appears to have just been updated that we'll have some customers owing additional amounts at year end. http://www.scribd.com/doc/74153249/FUTA-Credit-Reduction-Act-2011

I don't use the Fed/State eFiling and Reporting programs very much from the PR period end submenu very much but I REALLY like the ability to create the 940 from the MAS PR data. The program ports the data very nicely and there are minimal changes required. FWIW, I just updated my forms and the 2010 940 is the default form still.