FUTA-What does it stand for? Anyone? Here is a hint….apparently a reason for the State of California to tell my bank to draw an undisclosed amount of money from my business bank account each year-probably until I am out of business. When you ask why…the reason given to me so far is that the Sate of California took out a loan (not sure what for-yet- or how much) and the State of California then defaulted on this loan. Since the state has defaulted, every business that has an employee on payroll has a percentage taken each year to pay this loan back. This is what has been explained to me so far. More to follow. Please feel free to express your thoughts on this and please share this with any other person trying to run/open a small business in this lovely state. everyones input on this is greatly appreciated. On a side note: I have worked 18 hours a day for the last 7 years to build my business from the ground up. What gives anyone the right to take what I have earned, for no reason at all.
Posted on: Fri, 23 Jan 2015 04:21:00 +0000
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