SUTA and the Single-Member LLC

By | September 23rd, 2020|Categories: Small Business Tax and Accounting|Tags: , |

This blog post is specific to Iowa. SUTA = state unemployment tax. In Iowa, when a 1-person LLC makes an election to be taxed as an S-corporation and pay the owner a salary, the salary is NOT automatically subject to state unemployment tax. Instead, the owner has the option of making themselves subject to unemployment tax. On [...]