We are pleased to announce that, early this morning, the House Rules Committee issued a Rule and manager’s amendment to H.R. 1865 “Further Consolidated Appropriations Act, 2020.” The amendment grants the extension for the Work Opportunity Tax Credit (WOTC), including VOW to Hire Heroes Act Credits, through December 31, 2020. It also grants a retroactive extension of the Federal Empowerment Zones and Indian Employment Credit through the end of 2020.
Barnett Associates, a key strategic Walton partner and expert in Unemployment Cost Control provides update regarding Michigan taxable wage base for 2015.
Beginning with the third quarter of 2015, the Taxable Wage Base (TWB) — the maximum annual wage on which an employer must pay unemployment taxes — will be lowered from the current rate of $9,500 to $9,000. This means that non-delinquent contributing employers will pay less in unemployment taxes for the upcoming quarters. Continue reading “Partner UI News: Michigan Taxable Wage Base for 2015 Updated”