Financial Chickens come home to roost- Unemployment Insurance rates go up, up, up !

[cbelt3]

CNN talks about a 27.2% raise in Unemployment "taxes"

This should, of course, have NOT been a surprise to any intelligent accountant. I'm actually glad my company is a 'self payer' in Ohio... we don't pay into the Unemployment Insurance here, we pay directly (and Ohio administers payments, etc..).

It's also vitally important to note that in the recent economic meltdown, where we saw almost half of our business go away, we laid off the following number of people :

NONE. And haven't since 1935.

(Voluntary retirements, pay cuts, reduced hours, work reassignments, etc... We're flexible as heck !)

[freeradical]

Note to the worker: Make sure you have enough money saved up to cover three to six months of living expenses.

Note to the government: You should not be involved in providing unemployment insurance.

[$tevie]

Three to six months? Try 18 to 24 months the way things are right now.

[OWC Jamie]

I just got my liability insurance estimate for this year starting April 1.
From $5400.00 to $9910.00

Death spiral.

These kind of increases are killling small businesses.
Especially those that have foundations in disposable/disretionary income.

[Mac1337]

I am sure that "jobs bill" they are working on is going to aim straight at lowering cost of doing business.

[Black]

billb wrote:
I just got my liability insurance estimate for this year starting April 1.
From $5400.00 to $9910.00

Death spiral.

These kind of increases are killling small businesses.
Especially those that have foundations in disposable/disretionary income.

Are you calling for increased regulation?

[OWC Jamie]

Black wrote:
[quote=billb]
I just got my liability insurance estimate for this year starting April 1.
From $5400.00 to $9910.00

Death spiral.

These kind of increases are killling small businesses.
Especially those that have foundations in disposable/disretionary income.

Are you calling for increased regulation?
Yeah , can I apply them to all the tax increases this year, too ?
How about deficits ?