Not-for-profits don’t have to pay income taxes (as long as they filed for tax-exempt status). But that doesn’t mean they’re exempt from all taxes, especially at the state level.
The Iowa unemployment tax paid by employers will be decreasing. The average rate paid by employers in the state will drop from 2.8% to 2.4%. My friends at Radio Iowa have more.
A small tax break arrived for businesses on Friday. The “temporary” 0.2% unemployment surtax expired Friday after 35 years of existence. The surtax has always been considered “temporary” but had been extended repeatedly through the years until Congress decided not to extend it this time around. The expiration of the 0.2% surtax effectively lowers the […]