Employers in the U.S. Virgin Islands paid a higher than standard federal unemployment tax rate due to the FUTA credit reduction for 2018. If they continue to have a federal unemployment loan balance by November 10th that does not qualify for credit reduction avoidance, employers would be affected by a credit reduction this year as well. Federal unemployment tax amounts incurred by last year’s credit reduction are due by the end of this year. After six consecutive years of credit reductions for California, they were not a credit reduction jurisdiction for 2018.
Categories
- Acquisitions
- Business Changes
- CARES ACT
- COVID-19
- Culture
- Cybersecuritiy
- Data Security
- Employee Development
- Mergers
- News
- Payroll Professionals
- Personally Identifiable Information
- Regional
- Social Security Administration Reports
- Tax Credits & Incentives
- Tax Implications
- Tennessee Statewide Payroll Conference
- Unemployment Cost Management
- Unemployment Reports
Archives
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- April 2018
- March 2018
- February 2018
- January 2018
Recent Posts
- Unemployment Weekly Claims Report for the Week-Ending February 20, 2021
- Legislation Introduced Retroactively Lowering North Carolina 2021 Unemployment Tax Rates
- Unemployment Weekly Claims Report for the Week-Ending February 13, 2021
- Maryland Unemployment Tax Rate Calculations to Exclude COVID-19 Claims
- Bipartisan Bill Introduced to Make the Work Opportunity Tax Credit Program Permanent
Related Posts
COVID-19RegionalTax Implications
Maryland Unemployment Tax Rate Calculations to Exclude COVID-19 Claims
Josh KendallFebruary 18, 2021