We want to provide all Florida clients with an update regarding the special interest assessment that was recently mailed by the Florida Department of Revenue. As you may recall, the Florida UI trust fund currently has an outstanding loan from the federal government in excess of $2 billion to pay UI benefits. Since the loan [...]
Service Bulletins
New Developments Regarding Florida Assessments for Interest on Federal Advances to UI Trust Fund
February 18th, 2011
Administration’s Budget Proposal for Fiscal Year 2012
February 17th, 2011
If you were a policymaker who had the task of increasing unemployment tax revenue, you might ask yourself this question: How can I increase unemployment taxes in the most palatable way possible, so that the tax increase has a chance of acceptance? One proven strategy is to leave tax rates alone or even reduce them, [...]
2011 UI Tax Rates to Decrease Retroactively for Most Washington Employers
February 16th, 2011
On February 11, 2011, Governor Gregoire signed into law legislation to reduce the 2011 unemployment tax rates for Washington employers. Engrossed House Bill 1091 retroactively lowers the rates for approximately 90% of Washington employers by reducing the method in which the adjustment factors are calculated for the first 34 of the 40 rate classes. Based [...]
Florida Department of Revenue Assesses Employers for Interest on Federal Advances
February 2nd, 2011
Due to recent economic conditions and a large volume of UI benefit claims, the Florida UI trust fund has become depleted. As a result, the Florida Department of Revenue has borrowed funds from the federal government in excess of $2 billion to pay UI benefits. Since the loans will not be repaid by January 1, [...]