The Indiana Department of Workforce Development recently mailed out 2016 “Merit Rate Notices” to all applicable Indiana employers. You and AccuPay need to take the following 2 action steps in response to your 2016 Merit Rate Notice:
SHOULD YOU MAKE A “VOLUNTARY PAYMENT”?
If you are eligible, your Merit Rate Notice will provide you an opportunity to “buy down” your scheduled 2016 Indiana unemployment tax rate to the next lowest schedule rate for 2016.
AccuPay will determine if your “voluntary payment” is a good deal. If we receive your 2016 Merit Rate statement from the Department of Workforce Development, we will complete these calculations for your company. WE DO NOT CHARGE FOR OUR CALCULATIONS! If we determine you will benefit by making the voluntary payment, you will receive a letter explaining your next steps.
WE NEED YOUR 2016 TAX RATE NOTICE
AccuPay needs a copy of your 2016 “Merit Rate Notice” so we can collect the correct amount of Indiana unemployment tax from your first payroll in January 2016. You can fax a copy to us at 317-885-7591 or e-mail it to firstname.lastname@example.org.
A BIT MORE INFORMATION FROM THE INDIANA UNEMPLOYMENT DIVISION
NO MORE RETROACTIVE FUTA TAX! Indiana repaid its unemployment benefit loan (taken several years ago) to the federal government. This means that Indiana is no longer a “credit reduction state” and Indiana employers will no longer be required to pay extra Federal Unemployment tax at the end of each year!
If you have any questions about your 2016 unemployment taxes, call us at 317-885-7600. We appreciate you as a client and look forward to partnering with you in 2016!
PayDay is an email communication of payroll news, legal updates and tax considerations intended to inform clients and colleagues of AccuPay about current payroll issues and planning techniques. You should consult with your CPA or tax advisor before implementing any ideas, comments or planning techniques.