ETS Tax Intelligence Feb. 2013: State Unemployment Tax Account Consolidations
Every employer meeting certain wage thresholds must register for and obtain a unique state unemployment insurance (“SUI”) tax account. This is true even if the employer is related to another employer by common ownership. Employers can have significantly different unemployment tax rates depending on their experience (i.e., taxable payroll and benefit charge history). When employers’ state unemployment tax accounts are combined, consolidated, or joined, whether by mandate or at the option of the employers, the impact to SUI tax rates can vary.
For additional information, please see:
Recommended For You
Unemployment claims anticipated to be filed during this record surge are expected to have a negative impact on SUI tax […]
States can Tap into $1 Billion in Federal Funding to Upgrade Technology and Data Use Unemployment persists even as many […]
The U.S. is Seeing a Spike in Fraudulent Unemployment Claims As of May 14, a report from CNBC tallied up […]
Unemployment Regulations are Changing, and We’re Sharing the Latest With companies scrambling to manage their workforces during the COVID-19 pandemic, […]