As noted in the South Florida Business Journal when unemployment rates spiked to 11.2%, they triggered automatic increases in the unemployment taxes paid by employers.
How much did they grow up? From $8.40 per employee to over $100 per employee with so little fanfare that employers who’ll have to pay the bill didn’t even know about it on Jan 1, 2010… but it’s all due in April! Many businesses could find themselves in arrears to the state tax agency when surprised by the huge increase.
This is just one more tax increase faced by business owners. In an era of high unemployment, this will make it less likely that businesses will go on a hiring spree and simply adds to the large number of factors against new hiring.
Work at home businesses have traditionally been people’s “Plan B” in times like these.
Newsbytes like these mean more people will be seeking VIABLE work at home opportunities while trying to avoid prepackaged scams.
And news items like these will mean they’re looking for opportunities that are profitable enough to pay new workers if they have to face wildly fluctuating payroll tax increases.
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