1. California Employment Development Department
Promoting economic growth by providing services to keep employers, employees, and job seekers competitive

2. Who We Are

3. Who We Are

4. Who We Are Nearly 9,000 employees Over 400 office locations
Headquartered in Sacramento, CA
Collect over $59 billion in tax revenue
Process over 39 million employer / claimant records

5. What We Do
Promote economic growth by providing programs and services that connect California employers with job seekers
Administer programs
Unemployment Insurance
Disability Insurance
Paid Family Leave
Workforce Investment Act of 1998 Federal Program
Employment
Training
Tax collection
UI, DI, ETT, PIT
LMI Data

6. What I Do Accountant I (Specialist) Special Processes Group
Responsible for daily FUTA re-certifications
Average workload of 150 – 250 turns
Provide verification of UI taxable wages and payments made, late payments and remaining balances

7. Opportunities Are Ripe For Budding Accountants!
Accounting Technician
Mortgage Loan Accountant
Tax Technician
Budget Analyst
Budget Technician
Payroll Auditor
Accountant I
Chief Financial Officer
Accountant Trainee
Lifeguard
Accounting Officer
Accounting Analyst
Accounting Administrator I/II

8. Accounting Functions Analyzing Communication Recording Interpreting
Classifying
Summarizing
Reporting
Interpreting
Communication

9. Accounting Cycle Identification / measurement of transactions
Journalization
Posting
Trial Balance
Adjustments/Adjusted Trial Balance
Statement Preparation
Closing
Post-closing Trial Balance (optional)
Reversing Entries (optional)

10. Basic Accounting Equation
Liabilities
Equity
Assets

11. State Government Accounting Equation
Liabilities
Fund Balance
Assets

12. Tax Collection Terminology
An official examination of the payment history of a registered business legally required to make periodic tax payments
Example: an IRS audit made on a toy manufacturer for tax year ended Dec. 31, 2010
Audit
Money that must be paid to a federal, state or local government
Example: an Unemployment Insurance tax paid by a plumbing contractor for the tax quarter ended March 31, 2011
Tax
A legally enforceable right to keep the property of a business until its tax debt obligations have been satisfied
Example: an official State of California lien imposed on an LLC operating a chain of restaurants for a long history of non payment of taxes owed
Lien
A demand for the outstanding balance of taxes due in addition to any late payment penalties, fees and fines
Example: an official State of California bank levy imposed on a paint manufacturer for a long history of non payment of taxes owed
Levy

13. Tax Collection Terminology
An official periodic report of wages paid by and the tax amounts due from an employer
Example: an Annual FUTA Employer Return filed by a bridal shop owner for tax year ended Dec. 31, 2010
Return
The issuance of an abstract verifying an employer’s payment history in a particular tax period
Example: an Employer Abstract for tax year ended Dec. 31, 2008
Certification
The latest time or date by which a tax payment must be sent prior to the issuance of delinquency notices
Example: an IRS deadline for filing 940 Return for tax year ended Dec. 31, 2012
Deadline

14. Annual Tax Calculation Example
Sam’s Sunnyside Resort
Quarter ended
UI Taxable Wages ($)
Rate (%)
UI Contribution ($)
March 31
35,000
6.2
June 30
70,000
September 30
60,000
December 31
7,000
TOTAL
UI Contribution = UI Taxable Wages x Rate / 100

15. Annual Tax Calculation Example
Sam’s Sunnyside Resort
Quarter ended
UI Taxable Wages ($)
Rate (%)
UI Contribution ($)
March 31
35,000
6.2
2,170
June 30
70,000
4,340
September 30
60,000
3,720
December 31
7,000
434
TOTAL
172,000
10,664