When a state doesn’t pay back the federal money it has borrowed for unemployment benefits, the employer gets to pick up the tab.
For Georgia employers, this will equate to an extra $63 per employee (assuming the employee made $7,000 or more). Thus, a business with 20 employees will get a surprise equal to an additional tax of $1,260 when they file the annual Federal Unemployment form this coming January.
Remember that we’re just a click away if you need help.
He is also a founding Board Member and Finance Director of the Fayette Pregnancy Resource Center and serves on the Board of the National Equal Rights Institute.
Latest posts by David Conley (see all)
- Should you be paying “your fair share”:
We destroy another tax myth with facts- March 20, 2019
- Cliff notes of the new tax law:
Our cheat sheet guide to tax reform- March 16, 2019
- March madness-tax humor:
Bracket can be in the eye of the beholder- March 10, 2019