Unemployment Insurance Agency extends deadline for employers to settle their accounts
Beginning with the third quarter of 2015, the Taxable Wage Base (TWB), or the maximum annual wage on which an employer must pay unemployment taxes, will be lowered from the current rate of $9,500 to $9,000. This means that non-delinquent contributing employers will pay less in unemployment taxes for the upcoming quarters.
Employers who have not filed all required quarterly reports or were delinquent on their accounts (an outstanding assessment for an unpaid balance of at least $25) were previously notified that they had until Aug. 15, 2015 to become current, and be eligible for the reduced TWB.
Due to an overwhelming response from employers, the Unemployment Insurance Agency (UIA) has extended the deadline for employers to settle their accounts until August 28, 2015.
Full payment of any outstanding balance must be received by the Agency and credited to the employer’s account on or before August 28, 2015. Payments may be made electronically, through MiWAM, or by check to the UIA. Write your UIA Account Number on your check and mail to 3024 W. Grand Blvd., Suite 12-600, Detroit, MI 48202.
For more information, including questions and answers about the decrease in the Taxable Wage Base, please visit the UIA website at michigan.gov/uia. If you have any questions, please contact the UIA’s Office of Employer Ombudsman at 1-855-4-UIAOEO or [email protected].