Tax Deposits for Small Businesses On January 1, 2005 the minimum threshold for Federal Unemployment Tax Act (FUTA)  was raised, from $100, to $500.  As long as payments are made on time, the maximum amount of FUTA the IRS collects per employee for a year is $56.  With the previous minimum threshold employers were required to make deposits when the FUTA deposit amount reached $100, which resulted in companies with 2 or fewer employees to make at least on tax deposit during the year.  This amount has been raised to $500, allowing for a company with eight or fewer employees to eliminate up to four tax deposits yearly.   Texas Workforce Commission Webpage  http://www.texasworkforce.org/ EFTPS - Electronic Federal Tax Deposit Webpage  https://www.eftpssouth.com/Eftps/?WSYD_SIGN=0&WSYD_EVENT=ANXSTZIP&NXTPG=0&EWSTATE=TX&EWZIP=000000000 2010 Standard Mileage Rate: http://www.irs.gov/newsroom/article/0,,id=216048,00.html   2009 Standard Mileage Rate:  http://www.irs.gov/newsroom/article/0,,id=200505,00.html New IRS articles for 2009:      Five Facts about the Making Work Pay Tax Credit http://www.irs.gov/newsroom/article/0,,id=212972,00.html    First-Time Homebuyer Credit   http://www.irs.gov/newsroom/article/0,,id=204671,00.html Expanded Recovery Act Tax Credits Help Homeowners Winterize their Homes, Save Energy; Check Tax Credit Certification Before You Buy, IRS Advises http://www.irs.gov/newsroom/article/0,,id=214873,00.html    Six Facts about the American Opportunity Tax Credit     http://www.irs.gov/newsroom/article/0,,id=213584,00.html   Nine Facts about the New Vehicle Sales and Excise Tax Deduction     http://www.irs.gov/newsroom/article/0,,id=213200,00.html      Most Businesses May Take Advantage Of Expanded Loss Carryback Option Under New IRS Procedure  http://www.irs.gov/newsroom/article/0,,id=215657,00.html     Welcome | Services | Newsletter | Contact Us | Calculators | Links | Our Firm  Tax Relief Act | Organizers  | Track Refund | Whats New | New Developments