USVI FUTA Credit Reduction Ending: What Employers Need to Know
USVI Employers Are About to Get a Major Tax Break If you run a business in the U.S. Virgin Islands, here is something worth knowing: your federal unemployment tax bill is about to drop significantly due to changes in the FUTA credit reduction for the USVI. What USVI Employers Have Been Paying Under normal circumstances, […]
Business Banking in the Virgin Islands: Direct Deposit, NACHA Files, and Which Banks Support ACH Payroll
Direct deposit in the USVI runs through the same ACH/NACHA network as the mainland — and all five major VI banks support it. Here’s how NACHA files work for payroll, what each bank requires, and how Lasinja generates the file automatically.