- Increased taxable wage base to $13,000 effective January 1, 2011.
- The taxable wage base will increase again January 1, 2012 to $16,000.
- Increased penalties for late reports effective July 1, 2010 such as separation and wage requests; quarterly reports.
- New penalties for misclassification of workers: up to $5,000 per unreported worker, per report.
- Effective July 1st, employers will be required to report all new hires within 10 days of the worker's start date. The start date is the first day services are performed for compensation.
Please contact us at Double Entry Bookkeeping, LLC. for further information.
