Employment Taxes

Professional Employer Organization (PEO)
A Professional Employer Organization (PEO) is a staffing firm that provides employees to another company through employee leasing or staff leasing. In exchange for a fee from the client company, the PEO manages various HR responsibilities, including wage payments, tax submissions, and employee benefits.
Unemployment Insurance Tax (UIT)
Learn about the Unemployment Insurance Tax which is deductible as a business expense for employers and understand its implications and relation to the Federal Unemployment Tax Act (FUTA).

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.