Tax Intelligence: Out-of-State Wage Credits

6629034769_84fbeac194.jpg

Situation When an employee is permanently transferred or relocated from one state to another within the same legal entity, the state to which wages are reported for state unemployment insurance (“SUI”) tax purposes typically changes.  To avoid a duplication of SUI tax on wages paid to a single employee, most states (other than Louisiana, Minnesota, [Read More…]

Upcoming Webcast: Out-of-State SUI Wage Credits

webcast

Date:  Tuesday, February 24, 2015 Time:  11:00 AM ET, 10:00 AM CT, 9:00 AM MT, 8:00 AM PT Click here to register With today’s mobile workforce, it has become increasingly common for employers to transfer or relocate employees from one taxing jurisdiction to another.  The number of employers allowing employees to telecommute has also increased [Read More…]

Tax Intelligence: Understanding SUI Tax Rate Notices

SUI tax rates

Situation As of the issuance of this Tax Intelligence, only five (5) states have yet to issue calendar year 2015 state unemployment insurance (“SUI”) tax rate notices: HI, MA, MS, NY, and PR. With 53 separate jurisdictions issuing SUI tax rate notices, understanding each can be complex. To complicate matters, as organic growth and merger [Read More…]

December Tax Intelligence: Internal Reorganizations

internal reorganizations

Situation The new year can bring about change in organizations necessary to achieve certain strategic initiatives.  These changes often involve the movement of employees between and among related employers (i.e., legal entities having unique FEINs) under the same organizational umbrella.  Organizational changes can take many forms and be referred to in many different ways, including:  [Read More…]

2014 FUTA Tax Rates – Credit Reductions and BCR

unemployment insurance

When a state’s unemployment insurance (“UI”) trust fund becomes insolvent, the state has an opportunity to borrow from the federal government in the form of “Title XII” loans to pay unemployment benefits to claimants.  These Title XII loans can increase federal unemployment (“FUTA”) tax rates for employers in the affected states. In general, the net FUTA [Read More…]

Tax Intelligence: The Practice of “Payrolling” (Supplement)

The practice of payrolling

Background Based on feedback received from employers regarding our October 2014 issue of Tax Intelligence on The Practice of “Payrolling,” we are issuing this supplement to provide additional insights into the practice. There appears to be some confusion, and rightfully so, among employers between illegal payrolling practices and legitimate services offered by temporary staffing firms [Read More…]

Employment Tax Webcast Replay: Ask the Experts

employment tax webcast

On October 21st, Equifax hosted an Employment Tax webcast with a panel of experts dedicated to answering your employment tax questions.  The panel included: Rori Carney – Sr. Manager, Employment Tax Consulting Matt White – Director, Employment Tax Services Tom Towson – Sr. Manager, Employment Tax Consulting Scott Bankert – Director, Employment Tax Services The [Read More…]

Tax Intelligence: The Practice of “Payrolling”

Payrolling

The relationship between an employee and an employer generally exists when the organization for whom the services are performed has the right to hire, fire, and direct/control the individual who performs the services.  The foregoing is often referred to as “common law” employer relationship. The common law employer is typically responsible for reporting, remitting, and [Read More…]

2015 State Unemployment Tax Rate Season Preparation

tax season preparation

As November quickly approaches, many more jurisdictions utilizing a calendar year rate will join Oklahoma and Wisconsin in issuing 2015 state unemployment  insurance (SUI) tax rates.  This marks the official beginning of the 2015 “rate season”.  It is important for those charged with administering and managing SU tax rates to be prepared for the issuance [Read More…]

Strategies to Lower Your Unemployment Tax Rate

SUI tax rates

As the state unemployment insurance (SUI) tax rate season approaches, now is the time to review best practices for reducing your employment tax rate for 2015.  States offer three primary savings opportunities for employers to reduce their overall SUI burden. Voluntary Contributions Voluntary contributions allow employers to make a one-time payment into a state’s UI trust [Read More…]