Deadline to Receive UI Tax Cut Extended

Date: August 24, 2015

As
reported in a previous story, the Taxable Wage Base (TWB) – the maximum annual
wage on which an employer must pay unemployment taxes – will be lowered from
the current rate of $9,500 to $9,000 beginning with the third quarter of 2015. This
means that non-delinquent contributing employers will pay less in unemployment
taxes for the upcoming quarters.

Employers
who have not filed all required quarterly reports or were delinquent on their
accounts (an outstanding assessment for an unpaid balance of at least $25) were
previously notified that they had until Aug. 15, 2015 to become current, and be
eligible for the reduced wage base.

Due
to an overwhelming response from employers, the UIA has extended the deadline
for employers to settle their accounts until August 28, 2015.

Full
payment of any outstanding balance must be received by the Agency and credited
to the employer’s account on or before August 28, 2015. Payments may be made
electronically, through MiWAM, or by check to the UIA. Write your UIA Account
Number on your check and mail to 3024 W. Grand Blvd., Suite 12-600, Detroit, MI
48202.

For
more information, including questions and answers about the decrease in the
Taxable Wage Base, please visit the UIA website at michigan.gov/uia. If you have any questions, please
contact the UIA’s Office of Employer Ombudsman at 1-855-4-UIAOEO or email oeo@michigan.gov

Related Content: Small Business News | Michigan

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