Nevada businesses will not see an unemployment insurance (UI) tax rate change in 2022. The UI tax on employers will be 1.65% in 2022, the same tax rate that was in effect for 2021. In October, the Employment Security Council recommended increasing the UI tax to 2.0% to maintain the Unemployment Trust Fund. However, after […]
The following information is provided to assist employers in understanding their employment and payroll tax obligations for 2021. Nevada Association of Employers (NAE) encourages employers to consult with their tax advisor for advice on implementing these tax obligations. Unemployment Insurance Effective January 1, 2021, the Nevada taxable wage base for calendar year 2021 is $33,400 […]
As we previously advised, on August 8th President Trump signed an Executive Order authorizing the deferral of certain payroll taxes for September 1 through December 31, 2020. Specifically, the Executive Order authorizes, but does not require employers to suspend the withholding and payment of the employee portion of Social Security taxes. President Trump has said […]
After Congress failed to come to an agreement on a second Coronavirus relief package, President Trump signed several executive orders and memorandums on August 8, 2020 aimed at providing economic relief to employees and individuals who have lost their jobs as a result of the Coronavirus pandemic. One of the more notable actions taken by […]
The IRS has released an updated Form W-4 for 2020 — now titled “Employee’s Withholding Certificate”. The form was updated to reflect changes made to the tax code by the Tax Cuts and Jobs Act of 2017. What’s New? The primary goal of the revised form was to make it simpler for employees to complete […]
Unemployment Insurance Effective January 1, 2019, the Nevada taxable wage base for calendar year 2019 is $31,200 (up from $30,500 in 2018). The taxable wage base is calculated each year at 66 2/3% of the average annual wage paid to Nevada workers. While total wages paid to each employee must be reported each quarter, unemployment […]
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