Businesses are required by law to report every new employee within 20 days of hire. Even rehired or returning employees must be reported (if there is a 90 day break in work).
Reporting new hires helps expedite child support payments and approval for child care assistance. It also strengthens detection of unemployment fraud.
There are several available methods for reporting your new hires. You may choose the method of reporting that best suits your business. For more information about your options and the program, see http://dwd.wisconsin.gov/uinh/.
Employers with a first quarter tax liability of $1,000 or more can defer paying up to 60% of the total liability to future quarters. To avoid assessment of interest on the deferred amount, employers must comply with the following requirements.
Interest will not be assessed on the deferred amounts as long as the installment payments, along with subsequent quarter tax payments, are made by the specified due dates and subsequent quarter tax and wage reports are filed electronically. If there are any other amounts due on each of the specified dates including interest and/or penalties, interest on the deferral amount will be assessed retroactive to April 30.
Please note that any deferral amount not paid prior to July 31 will not be included in your account balance for purposes of computing your tax rate for the next calendar year. This could result in being assigned a higher rate.
If you have any questions, please call 608-261-6700.
Beginning in calendar year 2011, the unemployment insurance taxable wage base increases to $13,000.
2007 Wisconsin Act 59 amended Chapter 108 of Wisconsin’s Unemployment Insurance law increasing the taxable wage base from the first $10,500 of wages paid to each employee in a year to the first:
DID YOU KNOW…
that the Quarterly Census of Employment and Wages (QCEW) information developed from UI coverage information is used for many grants, proposals and program funding methodologies? Disaster recovery funding is one example of how the information is used to assist Wisconsin communities. It is critical to maintain information on employers and wages no matter the employment size.
While the information on single location establishments is readily available, information on multiple worksites relies on the voluntary reporting on the Multiple Worksite Report (MWR). In situations where the information is not provided, many communities show fewer firms, fewer employees, and lower total wages than are in the community and, as a result, may receive reduced funding.
By participating in the MWR process, you and your company are serving as a valued member of the communities you serve. Please consider responding the next time you receive an MWR request.
Contact Deb Holt for more information: deb.holt@wisconsin.gov or 608-266-5321.
UCB-11618 (R. 02/2011)