The #Metoo movement and high profile sexual harassment allegations involving prominent Americans has influenced provisions of the new tax reform law. The Tax Cuts and Jobs Act signed by President Trump on December 20, 2017, limits the deductibility settlements paid on sexual harassment claims where the settlement agreement contains nondisclosure provisions. Section 13307 of the
tax
Good News for Texas Employers: 2012 Unemployment Tax Rates Drop
By Russell Cawyer on
Posted in Unemployment
It’s rare for employers state-wide to get good news in this troubled economy. Today, however, the Texas Workforce Commission presented Texas employers with an early Christmas present in the form of the newly released 2012 unemployment tax rates. The tax rates range from .61 to 7.58 percent on the first $9,000 in wages…
Texas to Announce and Mail New Unemployment Tax Determinations
By Russell Cawyer on
Posted in Unemployment
The Texas Workforce Commission will announce the new 2012 state unemployment tax rates on December 12, 2011. The Commission will also mail each employer its 2012 unemployment tax determinations on that day.
Follow me on Twitter @RussellCawyer.
New and Enhanced Tax Credits Available to Employers Hiring Unemployed Veterans
By Russell Cawyer on
Posted in News & Commentary
Yesterday, the President signed a bill that is good for veterans and employers. The law provides new and enhanced tax credits for employers hiring veterans. The law, effective immediately, allows employers to claim certain tax credits for hiring unemployed veterans ($2,400 in the case of a veteran unemployed at least 1 month; $5,600 for a veteran unemployed at least…
Lower Your Texas Unemployment Taxes
By Russell Cawyer on
Posted in Human Resources, Unemployment
In this post I want to outline a series of steps an employer can implement that may decrease its unemployment tax rate and taxes. The state unemployment tax rate is the only tax rate that an employer can effectively control. Because the tax rate is calculated over a three year rolling average, it may take a year or two to start…