Discussion: View Thread

1.  T&M Billings

Posted 08-14-2017 11:05
What are best practices for mid-year T&M billings for payroll taxes calculated on an annual taxable base wage (ie. SUTA/FUTA)?

Larry Slad CPA
Illinois Constructors Corporation
Elburn IL
(630) 232-7280

2.  RE: T&M Billings

Posted 08-15-2017 15:30
Larry, for calculation of hourly rates, I most commonly see SUTA and FUTA costs are amortized over the 2,080 annual hours and the same rate is used until there is a change in some other component such as pay rate changes or WC rate changes.

Tracey Fenolio CPA, CCIFP
FCL Builders, LLC
Itasca IL
(630) 438-6466