Chicago Accounting News

What is Illinois Unemployment Tax and how does it affect my business?

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What happens when a former employee files for unemployment?

Generally, if you are the last chargeable employer and the ex-worker receives benefits, it will cost you additional money. The Department of Employment Security is basically a large insurance-type fund. Like any insurance, if you have too many claims you’re … Continue reading

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What does it mean when I am responsible for the unemployment?

An employer is automatically given a percentage rate for the unemployment compensation upon the start up of his or her business. Once a former employee begins to collect unemployment, the department will re-adjust the tax rate. For example, if your … Continue reading

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How should I prepare myself for future claims on Illinois Unemployment?

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