Recently, the State of Michigan unemployment insurance agency, commonly known as UIA, changed its annual wage base per employee from $9,500 down to $9,000.
This change is effective for all employers who have wages and have paid wages in 2015. The change will be effective as of the third quarter 2015, and will not be retroactively applied. While this is a small incremental change it will save the average taxpayer approximately $18.50 per employee, per year in unemployment taxes. This is a nice surprise for Michigan employers; it’s always nice when your unemployment rate changes for the better.
If you have unfiled reports or you have an outstanding balance on your Michigan Unemployment Account (UIA account), your business will not qualify for these changes. If however you pay your delinquent unemployment taxes due and/or file your unfiled unemployment reports you may be able to qualify for this change.
If you have any questions in regards to these changes please feel free to reach out to us. For more information about these changes click here.