What is the state unemployment insurance program?
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. Eligibility and benefit amounts are determined by the State's laws where the insurance claims are made.
What is state unemployment insurance?
SUI (State Unemployment Insurance) is an employer-funded tax that gives short-term benefits to individuals who have 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.
Who needs to pay unemployment insurance?
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.
How much does unemployment insurance cost?
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.
What are the benefits of using a third-party service to handle my SUI filings?
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. We can help you obtain your SUI numbers from the state for only $99. Our SUI service works with Paychex Payroll to help your business save time, administrative hassles, and costs commonly associated with unemployment administration.