November 2, 2022

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Are your payroll taxes increasing in 2022? 

FUTA—which stands for Federal Unemployment Tax Act—refers to the unemployment taxes employers have to pay as part of payroll taxes. For the 2022 tax year, FUTA taxes in certain states might be increasing. 

That’s because many states borrowed money from the federal government to keep up with the high number of unemployment claims that cropped up since the start of the pandemic—but haven’t paid the government back. In these “credit reduction states,” the federal government plans to lower the FUTA tax credit for employers by 0.3% the first year and another 0.3% every year after until the loan is repaid. Unfortunately, that means employers will end up paying a higher FUTA tax rate. 

To find out if your business is in a credit reduction state and learn how to calculate the change to your employment taxes, check out our full article

Election Day: Are you required to give employees time off?

Midterm elections are Tuesday, November 8, 2022. As an employer, it’s important to consider how you can support your employees on voting day. Currently, there are no federal laws that require you to give your workers time off to vote, but many states have specific voting laws. 

In Wisconsin, for example, employers are required to give employees up to three consecutive hours off to vote, though they don’t have to pay employees for this time. Meanwhile, California employers are required to give employees up to two paid hours off if they can’t make it to a polling place outside of work hours.

It’s a good idea to check that you’re adhering to your state’s laws this election day, but it’s even more crucial to ensure you’re supporting each employee’s right to vote how and when it makes sense for them. That might mean notifying your employees about your state’s stipulations so they’re prepared, granting all employees a paid day off on election day, or being flexible with shift times. At the very least, it means not penalizing an employee for taking time off work to vote. 

Keep reading the full article to check your state’s voting day laws

November compliance dates for your business 

November is a hectic month for businesses that want to capitalize on holiday spending, but it’s also an important time for HR, benefits, payroll, and tax compliance deadlines. Finish the year on a high note—and avoid incurring pricey penalties—by keeping your business compliant. 

In our latest calendar update, we’re breaking down all the key November dates you need to know. See the full guide here. If you want to double-check your records, here are the monthly tax deadline and compliance calendars for the full 2022 year. 

Fresh From Gusto


ONDEMAND: Welcome to Gusto’s People Platform

If your company is new to Gusto—or if you’re a first-time admin—this webinar is for you. Watch our on-demand tour of Gusto’s People Platform at your convenience for helpful post-payroll tutorials, feature and integration highlights, as well as a guide to navigating Gusto’s resources like our Help Center. Watch now. 

OCT 31: Increasing Employee Engagement with Role and Goal Clarity

Employee engagement is at the core of employee performance, employee happiness, and company-wide employee retention levels. But employees are more checked-out and burned out than ever before. That’s why 15Five is hosting a webinar to discuss how employers and business leaders can help employees reset and restructure their work days—while still prioritizing their own well-being. You’ll learn how to clarify employee roles and goals, how to avoid common pitfalls, and how to involve managers and team leaders for more success. Register here.

ONGOING THROUGH NOV 14: Verizon Small Business Digital Ready

As digitization increases across all industries, business owners need to be ready to adapt and adopt the right tools. That’s why Verizon is hosting an online curriculum called Digital Ready to give small business owners more resources to succeed in a digital world. The program includes group mentoring and coaching, networking, learning modules, and $10,000 grant opportunities. To find out how to apply, learn more here.

NOV 15: Business Success for Introverts

Introverts make incredible business owners, but they also have unique obstacles to overcome. In this connective event, the National Association of Women Business Owners (NAWBO) will be discussing what defines an introvert and how introverts can successfully leverage their unique strengths and gifts in the business realm. Register here.

Find the latest relief options in our Small Business Relief Finder.

Want more news and resources? Check out past editions in our archive.

Mohini Kundu Mohini Kundu is a news editor on the Gusto content team. She studied journalism at Northwestern University and started her career at The Huffington Post before embracing the #startuplife.
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