Each year the State of New York assigns new State Unemployment rates for all wages paid in the new year.
2021 rates have been issued and our team at Alliance Payroll Solutions have taken care of inputting each new rate for our clients. If your business has processed payroll in January, February and a portion of March your SUI taxable wages will be multiplied by the difference between the 2020 rate and the new 2021 rate. A debit to your payroll account will occur to make up for any liabilities owed. This debit will most likely take place in late March or early April.
If you have any questions or concerns, please don’t hesitate to call our office at 585-364-3048.
For more information on Unemployment Insurance Rates, you can find it here.