New York Unemployment Tax Rates Released
Attention employers of New York:
The state of New York has released the 2018 unemployment tax rate notices. You should expect to see these notices come in the mail late February to Early March. New York has shifted the tax tables for the 2018 year, creating a favorable rate decrease for employers. In 2017, the state used the Size of Fund Index ‘1.5% but less than 2.0%’. This has now been shifted one column to ‘2.0% but less than 2.5%’. You can find the New York tax tables here on pages 18-20.
It is important that employers verify all figures on the tax rate notice to ensure accuracy! Employers must also be aware of potential voluntary contributions to lower the tax rate.
For help reviewing your unemployment tax rate notice feel free to contact Dunn Corporate Resources! One of our account managers will gladly assist you.