FUTA Update
According to the IRS, the FUTA tax rate was scheduled to be reduced to 6% from 6.2% on July 1, 2011. If this reduction affects you, you will need to make the change in the FUTA Employer Expense Payroll Category. Since this is an Employer Expense, this change is not included in the Payroll Tax Table update.
To implement the change, select Payroll Categories from the Lists menu at the top of the screen. Select FUTA from the Employer Expenses tab of the Payroll Categories, and update the rate field.
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