February 28, 2014
Several states have announced changes to their unemployment taxable wage bases, effective 2014. A state unemployment taxable wage base is the maximum amount on which an employer must pay unemployment taxes for each employee. For example, an employer in Oregon must pay unemployment taxes on the first $35,000 an employee earns throughout the 2014 calendar year.
Several states have an upcoming April 30th deadline to submit their 1st quarter 2014 wage report. Unemployment taxes must be paid on the correct wage base to avoid any penalties.
An increase in the taxable wage base can also mean an increase in unemployment tax cost per employee. For example, if an employer in North Dakota had a 1.0% unemployment rate in 2013, their cost per employee would be $318 ($31,800 x 1.0%). In 2014, that cost would increase to $336, should their tax rate remain at 1.0% ($33,600 x 1.0%).
Nonprofit employers have options to avoid these increases. To request more information, complete the form to the right.
** For employers that pay the highest UI tax rate of 9.79%, the wage base is $22,100.
NYCON members who use First Nonprofit’s programs enjoy enduring savings and improved efficiency. Our association knows that success, because from the beginning, we achieved the same great benefits. Great savings, seamless technology, and responsive service. NYCON highly recommends First Nonprofit’s remarkable unemployment solutions.
It has been our sincere pleasure to maintain a strong, vibrant business partnership with First Nonprofit. We greatly admire their strong industry knowledge, technical expertise, constant professionalism, knowledgeable and dedicated staff. They are always extremely responsive, personable and provide us with the necessary guidance and recommendations on a numerous variety of employment scenarios. We are impressed with the accuracy of their employment decisions, integrity of their employees and efficiency of their claim handling. We greatly respect and value the consistent, impressive cost savings from the utilization of their outstanding services.
Because INCS advocates for the operating conditions that allow charter public schools to provide high quality public education, partnering with First Nonprofit was an easy decision. First Nonprofit’s unemployment programs provide our member schools two operating elements crucial to their ability to provide high quality public education: savings and budget certainty. Capable, committed teachers are the key to student success. By participating in the unemployment insurance savings plan, charter public schools gain peace of mind and are able to invest more money in their teachers.
Throughout our membership in the Unemployment Savings Program, First Nonprofit understood our demands, community dynamics, and the importance of seamless services; that allowed us to serve our constituents better.