Unemployment Compensation Bills Hitting Florida Businesses

By February 4, 2011 Businesses

Unfortunately, the unemployment compensation bills you received in the mail from the State of Florida is not another scam. Florida has had to borrow from the Federal Government to fund unemployment benefits. Now all Florida businesses who employ workers and pay wages are being billed for the interest.
Florida businesses who pay unemployment taxes are receiving bills from the state for the interest that Florida owes to the Federal government for borrowed unemployment funds.  Even if you have been a model employer and have not laid anyone off or fired anyone during this economic downturn, you will still help foot the bill for this interest.  The calculation is based upon the business taxable wages for employees from July 1, 2009 through June 30, 2010.

Read about this special assessment at Jacksonville.Com.

When you receive this notice, we recommend paying it as soon as possible to avoid being assessed interest and penalties.  For those of you wondering no you didn’t do anything wrong, and unfortunately you can’t do anything to get out of paying this bill.

Sorry to be the bearer of bad news, but this is just another sign that government needs to reign in their budgets!