The Federal-State Unemployment Insurance Program provides unemployment benefits to eligible workers who are unemployed through no fault of their own (as determined under State law), and meet other eligibility requirements of State law.
SUI (State Unemployment Insurance) is an employer-funded tax that gives short-term benefits to those who lost or left their jobs for a variety of reasons. Some of these reasons include, but are not limited to, being laid off, being fired for reasons other than misconduct, or leaving due to health or personal problems.
In most cases, if you have employees, you must pay unemployment taxes on their wages in the state. Tax reports or tax and wage reports are due quarterly. Liable employers must submit a tax report every quarter, even if there are no paid employees that quarter and/or taxes are unable to be paid.
Unemployment administration can become cumbersome and costly for business owners, who must maintain current paperwork and respond to claims in a timely manner, or else face costly penalties.
Employer tax rates vary by state and typically fall within a range based on number of unemployment claims associated with your business. The more claims filed, the higher your tax rate becomes.
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