1. Take your total FICA-taxable wage amount (found on your W3 form - #3) from the previous year’s tax return
2. Round amount to the nearest $10,000, then divide by 10,000
3. Add 30
4. Multiple by 4 = Annual dues
The MAXIMUM annual dues an organization will invest................................$3,000*
The MINIMUM annual dues an organization will invest....................................$500
*The maximum annual dues for a non-profit organization is........................$2,000
Business Expense
Dues paid to The Employers’ Association are not deductible as a charitable contribution for federal income tax purposes. Dues are considered an ordinary and necessary business expense or deducted under other provisions of the IRS Code as recommended by your accountant.
Cancellation Requirement
Membership is automatically renewed annually for all members in good standing. To cancel membership, TEA must receive written notification. Any unpaid charges must be paid prior to a membership cancellation. Cancellations received will take effect at the end of the quarter in which the notice was received. The member is responsible for payment of all membership dues/service invoices issued to that point.
Membership in The Employers’ Association is held by the organization as a benefit for all employees.
Membership is not held by an individual.