Vision Payroll

December 21, 2010

Illinois Unemployment Wage Base to Increase to $12,520

Filed under: News — Tags: , , , — Vision @ 5:22 pm
Illinois Unemployment Wage Base to Increase to $12,520
Illinois Unemployment Wage Base to Increase to $12,520
The Illinois Department of Employment Security has announced an increase in the taxable wage base for 2010. The wage base will increase from $12,520 for 2010 to $12,740 for 2011.

Minimum and Maximum Rates Also Increase

The minimum employer rate for 2011 will increase to 0.700% from 0.650% and the maximum rate for 2011 will increase to 8.400% from 7.250%

Find Out the Wage Base for All States by Visiting the Vision Payroll Unemployment Taxable Wage Base Page

Contact Vision Payroll if you have any questions on the Illinois unemployment taxable wage base or visit our Unemployment Taxable Wage Base page.

December 14, 2010

Utah Unemployment Wage Base to Increase to $28,300 for 2011

Filed under: News — Tags: , , , — Vision @ 8:10 am
Kristen Cox, Executive Director, Utah Department of Workforce Services
Kristen Cox, Executive Director, Utah Department of Workforce Services
The Utah Department of Workforce Services has announced an increase in the taxable wage base for 2010. The wage base will increase from $28,300 for 2010 to $28,600 for 2011.

Minimum Tax Rate Doubles

The minimum tax rate has doubled from 0.2% for 2010 to 0.4% for 2011.

Find Out the Wage Base for All States by Visiting the Vision Payroll Unemployment Taxable Wage Base Page

Contact Vision Payroll if you have any questions on the Utah unemployment taxable wage base or visit our Unemployment Taxable Wage Base page.

December 12, 2010

Colorado Minimum Wage to Increase to $7.36 Effective January 1, 2011

Donald J. Mares, Executive Director of the Colorado Department of Labor and Employment
Donald J. Mares, Executive Director of the Colorado Department of Labor and Employment
The Division of Labor of the Colorado Department of Labor and Employment recently promulgated Colorado Minimum Wage Order 27, which increases, effective January 1, 2011, the minimum wage for the state of Colorado from $7.24 to $7.36 per hour.

Wage Adjustment Is Constitutionally Mandated

Pursuant to the inflation adjustment requirement of Section 15, Article XVIII of the Colorado Constitution, the minimum wage must be adjusted each year effective January 1.

Tipped Employee Minimum Wage Also Increases

The minimum wage for tipped employees will also increase from $4.22 to $4.34 per hour.

Find Out the Minimum Wage for All States by Visiting the Vision Payroll Minimum Wage Chart Page

Contact Vision Payroll if you have any questions on the Colorado minimum wage increase or visit our Minimum Wage Chart.

November 30, 2010

Hawai’i Reduces Taxable Wage Base from $34,900 to $34,200 for 2011

Filed under: News — Tags: , , , — Vision @ 3:07 pm
Pearl Imada Iboshi, Acting Director, Hawai’i Department of Labor and Industrial Relations
Pearl Imada Iboshi, Acting Director, Hawai’i Department of Labor and Industrial Relations
The Hawai’i Department of Labor and Industrial relations has announced that the taxable wage base will decrease from $34,900 in 2010 to $34,200 for 2011. The contribution rate schedule will change from “D” to “F”.

New Employer Tax Rates to Increase

The tax rates for new employers will increase from 3% to 4%, but the Employment & Training Assessment Rate will remain at 0.1%

Find Out the Wage Base for All States by Visiting the Vision Payroll Unemployment Taxable Wage Base Page

Contact Vision Payroll if you have any questions on the Hawai’i wage base and rate changes or visit our Unemployment Taxable Wage Base page.

November 27, 2010

Oregon Unemployment Wage Base to Increase to $32,300 for 2011

Filed under: News — Tags: , , , — Vision @ 5:16 pm
Brad Avakian, Commissioner of the Oregon Bureau of Labor and Industries
Brad Avakian, Commissioner of the Oregon Bureau of Labor and Industries
The Oregon Employment Department has announced an increase in the taxable wage base for 2011. The wage base will increase from $32,100 for 2010 to $32,300 for 2011.

Find Out the Wage Base for All States by Visiting the Vision Payroll Unemployment Taxable Wage Base Page

Contact Vision Payroll if you have any questions on the Oregon unemployment taxable wage base or visit our Unemployment Taxable Wage Base page.

November 23, 2010

Pennsylvania Unemployment Wage Base to Remain at $8,000 for 2011

Filed under: News — Tags: , , , — Vision @ 3:31 pm
Sandy Vito, Secretary of the Pennsylvania Department of Labor & Industry
Sandy Vito, Secretary of the Pennsylvania Department of Labor & Industry
The Pennsylvania Department of Labor & Industry has announced the taxable wage base for 2011. The wage base will remain at $8,000 for 2011.

Wage Base Does Not Apply To Employee Withholding

Pennsylvania employees are subject to withholding for unemployment tax. The withholding rate of 0.08% of taxable wages will not change from 2010. There is no wage base for withholding, however; all taxable wages are subject to withholding at this rate.

Find Out the Wage Base for All States by Visiting the Vision Payroll Unemployment Taxable Wage Base Page

Contact Vision Payroll if you have any questions on Pennsylvania unemployment taxable wage base or visit our Unemployment Taxable Wage Base page.

November 22, 2010

2011 Michigan Income Tax Withholding Guide Released

Filed under: News — Tags: , , , — Vision @ 6:00 pm
Michigan State Treasurer Robert J. Kleine
Michigan State Treasurer Robert J. Kleine
The Michigan Department of Treasury has released Publication 446, 2011 Michigan Income Tax Withholding Guide.

Withholding Rate and Personal Exemption Amount Announced

For wages paid after December 31, 2010 and before October 1, 2011, the withholding rate is 4.35% and the personal exemption amount is $3,700. For wages paid after September 30, 2011, a withholding rate reduction takes effect. Employers may calculate the reduced withholding by multiplying the withholding amount in the Michigan Income Tax Withholding Tables by 0.977. Alternatively, revised tables will also be released.

Exemptions Claimed on Form MI-W4

Employers should calculate Michigan withholding using the number of exemptions claimed on Form MI-W4, Employee’s Michigan Withholding Exemption.

Vision Payroll Using Updated Withholding Tables

Michigan employers do not need to take any further action as Vision Payroll will automatically transition to the revised withholding amounts on the effective dates.

November 21, 2010

South Carolina Unemployment Wage Base to Increase to $13,000 for 2011

Filed under: News — Tags: , , , — Vision @ 4:13 pm
Governor Mark Sanford, Courtesy of South Carolina Governor's Office
Governor Mark Sanford, Courtesy of South Carolina Governor's Office
The South Carolina Department of Employment and Workforce has announced that pursuant to SC General Assembly Bill 391, the taxable wage base will increase for 2011. The wage base will increase from $7,000 for 2010 to $10,000 for 2011.

Further Increases Are Already Scheduled for 2012 and Beyond

The wage base is scheduled to increase to $12,000 for 2012 through 2014 and to $14,000 for 2015 and later years.

Find Out the Wage Base for All States by Visiting the Vision Payroll Unemployment Taxable Wage Base Page

Contact Vision Payroll if you have any questions on the South Carolina unemployment taxable wage base or visit our Unemployment Taxable Wage Base page.

November 20, 2010

Minnesota Unemployment Wage Base to Remain at $27,000 for 2011

Filed under: News — Tags: , , , — Vision @ 4:59 pm
Commissioner Dan McElroy, Minnesota Department of Employment and Economic Development
Commissioner Dan McElroy, Minnesota Department of Employment and Economic Development
The Minnesota Department of Employment and Economic Development has announced the taxable wage base for 2011. The wage base will remain at $27,000 for 2011.

New Employer Tax Rates to Increase

The tax rates for new employers will increase from 1.91% to 2.41% for new employers in non-high experience rating industries and will increase from 8.00% to 8.90% for new employers in high experience rating industries.

Federal Loan Interest Assessment Set at 2%

A federal loan interest assessment of 2% will take affect for 2011. This is calculated by multiplying the sum of the employer’s tax and “Additional Assessment” of 14% by 2%.

Find Out the Wage Base for All States by Visiting the Vision Payroll Unemployment Taxable Wage Base Page

Contact Vision Payroll if you have any questions on Minnesota unemployment taxable wage base or visit our Unemployment Taxable Wage Base page.

November 15, 2010

Colorado Solvency Surcharge Remains in Effect for 2011

Filed under: News — Tags: , , , , — Vision @ 5:23 pm
Donald J. Mares, Executive Director of the Colorado Department of Labor and Employment
Donald J. Mares, Executive Director of the Colorado Department of Labor and Employment
The Colorado Department of Labor and Employment has announced that since the UI Trust Fund balance as a percentage of the total wages reported by ratable Colorado employers was less than zero, the solvency surcharge would be assessed for rate year 2011.

UI Trust Balance Must Not Be Less than 0.9% of Total Wages

Whenever the UI Trust Fund balance is less than nine-tenths of one percent of the total wages reported by ratable Colorado employers, the solvency surcharge remains in effect.

Only Certain Employers Are Assessed the Solvency Surcharge

The solvency surcharge is not assessed to state and local government agencies, reimbursable and group-rated political subdivisions, and nonprofit organizations that are reimbursable employers.

Colorado Wage Base to Remain at $10,000 for 2011

The taxable wage limit is $10,000 per employee in 2011.

Find Out the Wage Base for All States by Visiting the Vision Payroll Unemployment Taxable Wage Base Page

Contact Vision Payroll if you have any questions on the Colorado unemployment taxable wage base or visit our Unemployment Taxable Wage Base page.

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