T&C Unemployment Insurance News and Updates – October 30, 2024
IRS EXTENDS WOTC FILING DEADLINE FOR RESIDENTS AND BUSINESSES IMPACTED BY HURICANES DEBBY, HELENE, AND MILTON In addition to those impacted by Hurricane Debby, the Internal Revenue Service recently announced disaster tax relief for individuals and businesses in areas impacted by Hurricane Helene and Milton, including an extension of the 28-day Work Opportunity Tax Credit […]
IRS Extends WOTC Filing Deadline for Residents and Businesses Impacted by Hurricanes Helene and Milton
In addition to those impacted by Hurricane Debby, the Internal Revenue Service recently announced disaster tax relief for individuals and businesses in areas impacted by Hurricane Helene and Milton, including an extension of the 28-day Work Opportunity Tax Credit (WOTC) filing deadline. Businesses affected by this extension are those whose qualifying employee, company, or WOTC […]
T&C Unemployment Insurance News and Updates – October 23, 2024
TAX UPDATES MISSOURI – TAXABLE WAGE BASE DECREASES WHILE TAX RATES REMAIN THE SAME In Missouri, the taxable wage base can be increased by $1,000 or decreased by $500 for any year, depending on the Unemployment Compensation Trust Fund. In 2025, the taxable wage base will decrease for the third straight year – decreasing from […]
North Carolina Increases Benefit Payments in Aftermath of Hurricane Helene
On Wednesday, October 16, North Carolina Governor Roy Cooper issued an emergency Executive Order authorizing an increase in weekly benefit amount for individuals receiving regular state unemployment benefits. As a result of the Order, all individuals eligible for regular unemployment benefits will see an increase in payout by $250, with the maximum weekly benefit amount […]
T&C Unemployment Insurance News And Updates – October 16, 2024
TAX UPDATES OREGON – UPCOMING TAX RATE DETAILS The Oregon Employment Department will begin mailing tax rate letters to employers and their representatives and we expect to begin receiving these notices in mid to late November. Due to the expiration of House Bill 3389, which was passed to support Oregon employers negatively impacted by the […]
IRS Grants WOTC Filing Deadline Extension for Residents and Businesses Impacted by Hurricane Debby
UPDATED OCTOBER 30, 2024 The Internal Revenue Service recently announced disaster tax relief for individuals and businesses in areas impacted by Hurricane Debby, including an extension of the 28-day Work Opportunity Tax Credit (WOTC) filing deadline. Businesses affected by this extension are those whose qualifying employee, company, or WOTC consultant is in a FEMA-declared disaster […]
T&C Unemployment Insurance News And Updates – October 9, 2024
GENERAL NEWS WISCONSIN – 2025 TAX RATES ANNOUNCED, REMAIN THE SAME The Wisconsin Department of Workforce Development recently announced employer unemployment tax rates for 2025, which will remain the same from 2024. Employers with <$500,000 in payroll will have rates ranging from 0.00% to 12.00%, while employers with >$500,000 in payroll will have rates ranging […]
Unemployment Joint Accounts
Introduction to Unemployment Joint Accounts In some states, unemployment agencies permit employers with common ownership and related business activities to apply for a joint experience rating account. This is when the experience-rating factors of two or more employers are merged for purposes of their UI tax rate calculation. In some cases, this can result in […]
Disaster Unemployment Assistance Benefit Updates – October 3, 2024
DISASTER UNEMPLOYMENT BENEFITS Severe storms and hurricanes across the US have led to a number of states offering Disaster Unemployment Assistance (DUA) Benefits for impacted workers’ and we expect more states will be offering DUA benefits in the aftermath of Hurricane Debby and Helene. As a reminder, DUA is an unemployment insurance benefit made available […]
T&C Unemployment Insurance News And Updates – October 2, 2024
CALIFORNIA – BILL OFFERING UNEMPLOYMENT TO UNDOCUMENTED WORKER FAILS California Governor Gavin Newsom vetoed Senate Bill 227 that would have offered unemployment benefits to undocumented workers. In his veto statement, Gov. Newsom stated “This bill would require the Employment Development Department (EDD), on or before March 31, 2025, to develop a detailed plan to establish […]