Illinois Unemployment Tax Responsibility Chicago Illinois

Chicago Small Business Accountant

Updated July 24, 2014
 
Illinois Unemployment Tax Responsibility Chicago Illinois
 

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 company does not have any unemployment claims paid, then the percentage rate will very possibly go down and you will pay less in tax. But, if you begin to have former employees being paid unemployment, then your percentage rate for this tax will probably increase.

 
If you are having problems with your Illinois Unemployment Tax Responsibility Chicago Illinois or have issues with your accounting in general, we would love to help. I enjoy hearing from my readers, and can be contacted at
 
Chris@AccountingSolutionsltd.com
 
Additional Accounting Articles and information on my firm can be found at
 
www.AccountingSolutionsLtd.com
 
Chris Amundson is the President of Accounting Solutions Ltd., a full service public accounting firm of Certified Public Accountants and Enrolled Agents handling the bookkeeping, accounting, tax preparation, and audit representation needs of Businesses, Estates, Trusts, and Upper Income Individuals

Chris Amundson is President of Accounting Solutions Ltd. located in Chicago, Illinois

Chicago Accounting Firm & Tax Solutions for Small Businesses

Last updated on September 23, 2015
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