Interest Assessment Surcharge Archives

Tip of the Week: Twelve FAQs About the New York Interest Assessment Surcharge

As previously announced, New York has assessed most employers an Interest Assessment Surcharge (IAS). The New York Department of Labor has posted the following twelve FAQs about the IAS. 1. Why is the IAS being assessed? Due to the high rate of unemployment, New York,...

New York Assesses Interest Assessment Surcharge for 2011

The state of New York has announced the assessment of an Interest Assessment Surcharge (IAS) for 2011. The surcharge will be used to pay approximately $95 million in interest on loans to the federal government by September 30, 2011. New York Must Pay Interest on More...