Virgin Islands

FUTA Tax in California Going Down to 0.6% – Virgin Islands FUTA goes up again

By |2018-11-15T03:46:55+00:00November 15th, 2018|Categories: Unemployment Insurance|Tags: , , |

Yes, it is official!! After years of recovery from the 2008 recession and constantly increasing FUTA taxes due from employers in California, the state has finally met the key condition needed to avoid FUTA credit reductions: no outstanding Title XII loans.  On November 10th , USDOL published the official notice. See also the spreadsheet "Final 2018 Federal Unemployment [...]

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California and Virgin Islands only states with FUTA Offset Credit Reductions for 2017

By |2017-12-15T03:01:01+00:00December 4th, 2017|Categories: Unemployment Insurance|Tags: , , , |

The U.S. Department of Labor review of state UI loan status and remaining balances has been completed for 2017 and the only states with remaining outstanding loans as of November 10th were California and the Virgin Islands. As a result of the outstanding loan balances, employers in California and the Virgin Islands will be subject to a [...]

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