Our Services are at
NO COST TO YOU!
Up to 50% off of Workers Compensation
BOSC is 'Your' Un-biased Trusted Advisor
State Unemployment Rates as low as 1.50%
Home of the "PEO Hybrid" Solution
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Our Services are at
NO COST TO YOU!
Up to 50% off of Workers Compensation
BOSC is 'Your' Un-biased Trusted Advisor
State Unemployment Rates as low as 1.50%
Home of the "PEO Hybrid" Solution
|
|
By NAPEO Thirty-three states (including the Virgin Islands) have borrowed more than $48 billion from the Federal Unemployment Account, according to U.S. Department of Labor data released this week. In states with loan balances on January 1 of two consecutive years that have not repaid them by November 10 of the second year,employers are at risk of losing a portion of their state FUTA tax credits for that year. The credit is reduced by 0.30 percent for each year the loan remains outstanding beyond the second year of the loan. Twenty-four states will experience a FUTA tax credit reduction, assuming each has a loan balance on November 10, 2011
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