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August 8, 2011

New Hampshire Unemployment Wage Base to Increase for 2012

Filed under: News — Tags: , , , , , , — Vision @ 7:34 pm
New Hampshire Unemployment Wage Base to Increase for 2012
New Hampshire Unemployment Wage Base to Increase for 2012
The New Hampshire Department of Employment Security has announced an increase in the taxable wage base for 2012. The wage base will increase from $12,000 for 2011 to $14,000 for 2012.

Third Consecutive Year the Wage Base Has Increased

This is the third consecutive year the wage base will increase. In 2010, it increased from $8,000 to $10,000 and in 2011 it increased from $10,000 to $12,000.

Find Out the Wage Base for All States by Visiting the Vision Payroll Unemployment Taxable Wage Base Page

Contact Vision Payroll if you have any questions on the New Hampshire unemployment taxable wage base or visit our Unemployment Taxable Wage Base page.

August 1, 2011

Vermont Wage Base to Increase for 2012

Filed under: News — Tags: , , , , , — Vision @ 7:16 pm
VT Govenor Peter Shumlin
VT Govenor Peter Shumlin
Pursuant to legislation passed in 2010, the taxable wage base in Vermont will increase for 2012. The wage base will increase from $13,000 for 2011 to $16,000 for 2012.

Third Consecutive Annual Increase

This is the third consecutive year that the wage base will increase. In 2010, it increased from $8,000 to $10,000 and in 2011 it increased from $10,000 to $13,000.

Find Out the Wage Base for All States by Visiting the Vision Payroll Unemployment Taxable Wage Base Page

Contact Vision Payroll if you have any questions on the Vermont unemployment taxable wage base or visit our Unemployment Taxable Wage Base page.

July 24, 2011

New Jersey Unemployment Wage Base to Increase To $30,300

Filed under: News — Tags: , , , — Vision @ 3:31 pm
New Jersey Department of Labor and Workforce Development Commissioner Harold J. Wirths
New Jersey Department of Labor and Workforce Development Commissioner Harold J. Wirths
The New Jersey Department of Labor and Workforce Development has announced the wage base for New Jersey unemployment insurance, temporary disability insurance, and family leave insurance will increase from $29,600 for 2011 to $30,300 for 2012.

2012 Rate Year Rates Increased

As previously reported, the rates for the 2012 rate year are being determined by column D. They had been determined by column C during rate year 2011.

Find Out the Wage Base for All States by Visiting the Vision Payroll Unemployment Taxable Wage Base Page

Contact Vision Payroll if you have any questions on the New Jersey unemployment taxable wage base or visit our Unemployment Taxable Wage Base page.

July 18, 2011

Rhode Island Changes 2012 Unemployment Taxable Wage Base Calculation

Filed under: News — Tags: , , , — Vision @ 2:48 pm
Rhode Island Changes 2012 Unemployment Taxable Wage Base Calculation
Rhode Island Changes 2012 Unemployment Taxable Wage Base Calculation
As part of the recently enacted fiscal-year 2012 state budget (article 4), Rhode Island changed the way in which the unemployment taxable wage base is calculated in §28-43-7 of the General Laws in C. 28-43.

2012 Will Be the First Year the New Formula Is Used

Beginning in 2012, the formula will be to calculate an “average annual wage in covered employment” for the calendar year preceding the “computation date” and multiply that figure by 46.5%. The resulting product, rounded up to the nearest $200, will be the unemployment wage base for the year following the computation date.

Computation Date Will Be September 30

The computation date will be September 30. For example, to calculate the unemployment wage base for 2012, the computation date will be September 30, 2011 and the look-back year will be 2010.

Negative Balances Can Lead To Surcharge

Employers with a reserve account percentage of negative twenty-four or less will have a taxable wage base of the standard taxable wage plus $1,500.

Contact Vision Payroll Today

Contact Vision Payroll if you have any further questions on the Rhode Island unemployment taxable wage base calculation.

July 3, 2011

Washington Unemployment Wage Base to Increase to $38,200

Filed under: News — Tags: , , , , — Vision @ 2:36 pm

WA ESD Commissioner Paul Trause
WA ESD Commissioner Paul Trause
The Washington Employment Security Department has announced an increase in the taxable wage base for 2012. The wage base will increase from $37,300 for 2011 to $38,200 for 2012.

Find Out the Wage Base for All States by Visiting the Vision Payroll Unemployment Taxable Wage Base Page

Contact Vision Payroll if you have any questions on the Washington unemployment taxable wage base or visit our Unemployment Taxable Wage Base page.

April 9, 2011

Illinois Adds Unemployment Tax Surcharge and Increases Wage Base

Filed under: News — Tags: , , , , , , , — Vision @ 5:59 pm
Illinois Adds Unemployment Tax Surcharge and Increases Wage Base
Illinois Adds Unemployment Tax Surcharge and Increases Wage Base
Illinois Governor Pat Quinn recently signed HB 1030 into law. The new law adds an unemployment tax surcharge, increases the taxable wage base, and reduces maximum benefits, among other provisions.

Surcharge Is for First Quarter of 2011

For the first quarter of 2011, employers are now required to pay a surcharge of 0.50% of taxable wages. Up to $90,000,000 of this surcharge is to be earmarked for interest payments for interest required to be paid under Title XII of the Social Security Act or for transfers to the state’s account in the unemployment trust fund.

Taxable Wage Base Will Increase in 2012

The taxable wage base will increase from $12,960 in 2011 to $13,560 in 2012.

Further Surcharge May Apply in 2012

If necessary to further interest payments, a surcharge will also apply to the first quarter of 2012 and the 2013 wage base will remain at $13,560. Otherwise, the 2013 wage base is scheduled to revert to the 2011 level of $12,960.

Maximum Benefits Reduced Starting in 2012

The new law also reduces the maximum total amount of benefits for an eligible individual, for specified benefit years starting in 2012, to 25 (instead of 26) times his or her weekly benefit amount plus dependents’ allowances, or to the total wages for insured work paid to such individual during the individual’s base period, whichever amount is smaller.

Contact Vision Payroll for Further Information

Contact Vision Payroll for further information on the changes to Illinois unemployment taxes.

March 4, 2011

Question of the Week: What Is a Taxable Wage Base?

What Is a Taxable Wage Base?
What Is a Taxable Wage Base?
This week’s question comes from April, an office manager. I’ve read that the taxable wage base has increased in New Hampshire for 2011, but I’m not sure of the impact. What is a taxable wage base? Answer: The taxable wage base is the amount of income that will be taxed in a particular year.

New Hampshire Taxable Wage Base Is $12,000

For 2011, the New Hampshire taxable wage base is $12,000. Therefore, all subject wages earned during 2011 by an employee up to $12,000 will be taxed for New Hampshire unemployment purposes. Once $12,000 of wages have been taxed for New Hampshire unemployment purposes, no additional New Hampshire unemployment tax will be due for that employee for the rest of 2011.

Taxable Wage Bases Range from $7,000 to $37,300

For 2011, the federal taxable wage base is $7,000. Three states, Arizona, California, Florida and Puerto Rico all have the lowest taxable wage base of $7,000. Washington has the highest taxable wage base at $37,300.

Find Out the Wage Base for All States by Visiting the Vision Payroll Unemployment Taxable Wage Base Page

Contact Vision Payroll if you have any further questions or visit our Unemployment Taxable Wage Base page.

February 13, 2011

New York Unemployment Wage Base to Remain at $8,500 for 2011

Filed under: News — Tags: , , , — Vision @ 11:42 am

The New York Department of Labor has announced the taxable wage base for 2011. The wage base will remain at $8,500 for 2011.

Employer Rates for 2011 Announced

Employer rates will go from a low of 1.5% to a high of 9.9%. The new employer rate is 4.1% for 2011. All these rates include the 0.075% re-employment tax.

Find Out the Wage Base for All States by Visiting the Vision Payroll Unemployment Taxable Wage Base Page

Contact Vision Payroll if you have any questions on New York unemployment taxable wage base or visit our Unemployment Taxable Wage Base page.

February 12, 2011

New Hampshire Announces Surcharge to Remain in Effect for 2011

Filed under: News — Tags: , , , — Vision @ 10:49 am

The New Hampshire Department of Economic Security (NHDES) has announced that because of the amount of unemployment benefits having been paid out and the solvency issue with the Unemployment Trust Fund, the NHDES will continue to invoke the 1.0% surcharge to all employers for all quarters of 2011. This 1.0% surcharge is comprised of the 0.5% Emergency Power under RSA282-A:84 and the 0.5% Emergency Surcharge under RSA282-a. Negative rated employers (employers whose benefit charges exceeded tax paid) will also continue to have a 1.5% added to their tax rates in addition to the 1.0% surcharge for all quarters of 2011.

Taxable Wage Base Has Also Increased

As previously announced, the Taxable Wage Base has also increased to $12,000 effective January 1, 2011 and will be increasing to $14,000 effective January 1, 2012.

2011 New Employer Rates Set

New Employer rates for all quarters of 2011 will be 3.7% (includes 1.0% surcharge).

Contact Vision Payroll for Further Information

Contact Vision Payroll if you have further questions on New Hampshire unemployment taxes.

February 6, 2011

No Employer Surcharge for South Dakota in Q1 2011

Filed under: News — Tags: , , , — Vision @ 11:38 am
Pamela S. Roberts, Secretary of the South Dakota Department of Labor
Pamela S. Roberts, Secretary of the South Dakota Department of Labor
An employer surcharge is not in effect for Q1 2011 in South Dakota.

UI Trust Fund Balance Determines if Surcharge Is in Effect

The surcharge automatically goes into effect when the UI Trust Fund balance is below $11 million at the end of any quarter. The balance was $26.4 million on December 31, 2010.

Higher Wage Base in Effect for 2011

As previously announced, the taxable wage base increased from $10,000 for 2010 to $11,000 for 2011.

Contact Vision Payroll for Further Information

Contact Vision Payroll for further questions on the South Dakota employer surcharge.

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