When budgeting for 2010, be sure to take into account significantly higher state unemployment tax payments. For most companies, the biggest impact will be felt at the end of April 2010, when the tax payments for the first quarter are due (because the SUI taxable wages are the highest in the first quarter). Simply put, [...]
Service Bulletins
Hawaii Unemployment Taxes are Expected to Soar in 2010
September 25th, 2009
It appears likely that Hawaii unemployment taxes will increase by an unprecedented amount next year, due to a combination of a higher taxable wage base and a higher tax rate schedule. Unfortunately, the Hawaii unemployment tax rate notices are normally not issued until March, so it is difficult for an employer to know what amounts [...]
Kansas Unemployment Tax Rates Will be Substantially Higher for Next Year – Many Will Double
September 17th, 2009
Kansas UI tax rates for next year are expected to be increased because of the depletion of the Kansas unemployment compensation trust fund. Many tax rate brackets will contain rates which are twice the comparable rate for 2009.
For employers with positive reserve account balances, the 2009 tax rates range from 0.00% to 3.24%. Because the [...]
Higher Massachusetts UI Tax Rates Expected for 2010
September 14th, 2009
Massachusetts unemployment tax rates are expected to be twenty-five percent (25%) higher, in general, for 2010. We have been advised by the Massachusetts Department of Labor and Workforce Development that the state unemployment compensation trust fund has decreased to the level where it appears likely that the highest tax rate table (Table G) will take [...]