Unemployment Tax Changes for 2012

Florida Governor Rick Scott has signed a bill affecting the current unemployment tax rates and the taxable wage base. The bill changes the employer tax rate calculation and reduces the taxable wage base to $8,000. These changes will apply to the Employer’s Quarterly Report (Form UCT-6) due by April 30, 2012. A new Unemployment Compensation Tax Rate Notice (Form UCT-20) will be mailed very soon to employers. Employers who file quarterly report forms via paper will receive their UCT-6 form with the new tax rate in early April 2012.

A separate special interest assessment will be due in 2012 on funds borrowed from the federal government to pay unemployment compensation claims. In February, the Department mailed a notice (Form UCT-27Fi) to contributing employers, informing them of their proportionate share of the assessment.

If you have any questions regarding this information, please contact our office at (239) 433-5554.  Our team of professionals welcomes the opportunity to discuss your specific situation further. You may also visit us on the web at www.markham-norton.com.