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The Basics of Unemployment Taxes

Nearly all private employers in the Carolinas are required to pay quarterly unemployment insurance (“UI”) taxes to the relevant state unemployment agency on behalf of their employees. Like other insurance and tax obligations, UI taxes can have a significant impact on employers’ bottom line, particularly if they are not aware of the factors impacting their tax rates.

Changes Ahead for North Carolina’s Unemployment Insurance System

Members of the North Carolina General Assembly introduced sweeping legislation on January 30 to overhaul the state’s unemployment insurance (UI) system. House Bill 4, with a short title of “UI Fund Solvency & Program Changes,” has already passed the House. The Senate is anticipated to take up the bill this week and, if passed, Governor Pat McCrory is expected to sign it into law.
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