Professional Employer Organization - PEO Review and Commentary
Florida Employers Face Large Increase in Unemployment Taxes

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Article Title: Florida Employers Face Large Increase in Unemployment Taxes - Source: Tampa Bay Times - 11/18/2009

Florida's high and climbing rate of claims for unemployment insurance has caused the state Department of Revenue to increase the minimum and maximum rates for employers must pay for SUTA. In addition to the rate schedule changes, the state is increasing the wage base used to calculate the tax, increasing it from $7,000 to $8,500 dollars for every Florida employee. In Florida SUTA taxes are paid wholly by the employer. Get the 2010 Florida SUTA tax rates facts sheet. - Notices of businesses' individual rates will be distributed in November and December, effective for wages paid on or after Jan. 1. The increases are needed to replenish the state's trust fund used to pay unemployment insurance benefits. Under state law, if the fund falls below 4 percent of the total taxable payroll in the most recent fiscal year, it automatically triggers an adjustment in unemployment tax rates.

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Subject	Posted by:	Post Date	Comments
This is just wrong	Jerold Vickers	11/18/2009 4:51:13 PM	It seems to me the state is punishing those business owners who have been the least contributors to the problem. Long time companies like mine that have NEVER laid anybody off or had any claims will now get to pay a much higher tax rate (since we are near the minimum due to a low claims history). A company that has a higher rate because they have laid people off does not get a rate increase????? How is that fair?