Details On Recouping UI Taxes; Frontline Worker Bonuses
Tuesday, June 07, 2022
A UI Trust Fund fix was recently enacted and the new law impacts every employer in the state. Unfortunately, this change happened after employers were billed under the old tax rates and many businesses have already paid these higher taxes. On May 9, the Chamber hosted a webinar featuring DEED Commissioner Steve Grove on employers' UI tax bills, as well as Commissioner Roslyn Robertson of the Minnesota Department of Labor and Industry on frontline worker bonuses. Per DEED:
- On Saturday, May 7, DEED recalculated the amount of 1st quarter 2022 taxes for about 113,000 employers.
- Because most employers had already reported their wage detail and made their first quarter 2022 tax payments, the recalculation created credits on their UI accounts.