If your company is FUTA Exempt, it is exempt from reporting and paying wages and taxes associated with Federal Unemployment Tax. Please consult with your tax advisor to see if you qualify.
How are companies exempt from FUTA?
Companies must apply for AND meet IRS guidelines to be considered FUTA exempt. Please check with the IRS to determine what these criteria are and if you qualify.
Can employees be FUTA Exempt when their employer isn't?
There are circumstances where the owner of a company or specially classified employees can be considered exempt from FUTA. Please check with your tax consultant to see if this applies.