Tag Archives: unemployment support

Vermont UI Tax Rate Notices Released!

Vermont Employers: The Vermont Department of Labor has mailed out UI Tax Rate Notices on June 23, 2017. These new rates will be effective for July 1, 2017 as the state of Vermont operates on a fiscal year for unemployment. This means that your new rates will be applied for your quarterly filing due on October 31, 2017. Below is the tax rate schedule for the 2017-2018 period. The schedule being used for this period is Schedule 4. The minimum tax rate is 1.1% and the maximum tax rate is 7.7%.

Tax Rate ClassSchedule 4
01.1
11.2
21.4
31.7
42.0
52.3
62.6
72.9
83.2
93.5
103.8
114.1
124.5
134.9
145.3
155.7
166.1
176.5
186.9
197.3
207.7

Keep in mind that the tax rates are not always correct on these tax rate notices. It is very important that all of the numbers in the tax rate calculation get audited. The state of Vermont has an overpayment rate just under 7% according to the DOL. If charges to your account are not closely monitored, you will see a dramatic increase on your tax rate notice!

For a no-cost analysis of your 2017-2018 tax rate notice, contact an expert at Dunn Corporate Resources. We’re always happy to help!

What is UI SIDES?

What is UI SIDES?

UI SIDES, Unemployment Insurance State Information Data Exchange System, is a web based system that allows Third Party Administrators to electronically process information requests from UI agencies. Basically, this means that UI requests can now be centrally processed regardless of the State, and the paperwork is eliminated! In order to qualify for UI SIDES, you must have a very high volume of UI claims and customized programming is necessary.

What is the benefit of SIDES?

Centralization of information! Today we are seeing more and more technology platforms being used, especially in the world of HR. SIDES allows us to easily streamline claims information to and from each State through one centralized electronic transmission. This allows us to provide our clients with cutting edge technology, real time information, and up-to-date reports on exactly where their UI claims stand.

Our clients will get even more lead time on each claim. Think about it, with some deadlines as little as 7 days from the mailing date, plus the time it takes for a claim to get mailed, your time limits are significantly diminished! With UI SIDES, we receive a claim as soon as it’s created by the State. An unemployment service provider without SIDES capabilities is simply at a disadvantage.

Contact us today to see how our SIDES based platform can help reduce your unemployment costs and workload today!

 

For more information about UI SIDES you can visit the ITSC homepage