Under certain circumstances the net federal unemployment tax (“FUTA”) payable by employers must be increased when a state unemployment agency has borrowed federal funds to pay unemployment benefits.
If a state has an outstanding loan balance on January 1st of two consecutive years and has not repaid the balance by November 10th of the second year, [...]
Service Bulletins
No FUTA Tax Increase Anticipated for 2008
September 23rd, 2008
Trends in UI Tax Rates
September 15th, 2008
This morning I got curious about what we might expect in terms of changes in unemployment tax rate tables and adjustment factors for 2009. In light of the headline news about economic problems and higher unemployment, one would anticipate that unemployment tax rates will be higher in 2009 in a general sense. I found that [...]