N.C. Employers May Reduce 2015 UI Tax Rates
Raleigh- Many North Carolina employers may be eligible to reduce their 2015 unemployment insurance tax rates- by making voluntary tax contributions to the N.C. Employment Security Commission before December 24, 2014.
The voluntary contribution could result in significant tax savings next year-money employers can then use to build their businesses and create new jobs. A contribution of as little as one dollar may reduce an employer’s 2015 tax rate. Voluntary contributions will be applied to the balance of employers’ UI tax account. Notification of the voluntary contribution was included in the tax rate forms, which were mailed to employers.
~In the mailing, employers are advised to visit the ESC’s website ~
in order to access a voluntary contribution calculator. The calculator allows each employer to assess the dollar amount they will have to pay to achieve a certain tax rate, enabling them to determine what tax savings might be beneficial for their company.
Rink and Robinson, PLLC can take your voluntary contribution amount and determine if the voluntary contribution will result in a net cash savings for your company. Please contact our office immediately.