How Will Unemployment Insurance (UI) Tax Increases Impact Your Business?
The NC Chamber in association with Headway Workforce Solutions is pleased to provide members with a Free online UI Tax Calculator. This simple and intuitive tool enables businesses to quickly play "what if" scenarios and see how potential North Carolina UI tax rate increases could impact their employment costs and ability to hire new employees.
Simply enter your total number of employees (state UI rates and taxes apply to your covered workers receiving payroll on their first $20,400 of wages paid during the year) and then select current and anticipated UI tax rates to learn the potential impact†† to your bottom line.
*NC DES (Division of Employment Security)
††Disclaimer and Assumptions***: UI Tax Calculator is purely designed for illustrative purposes to give site users an idea as to how unemployment tax rates may or may not impact an entity’s taxes and UI tax costs and burdens. Assumptions, generalizations and estimates are included and the NC Chamber, neither directly or indirectly, implies that these rates or outcomes will or will not occur as well as to whether they are accurate or not. Base assumptions with the UI Tax Calculator include that all employees will reach the $20,400 wage base threshold with may or may not occur. No representations, claims or warranties are made by the NC Chamber or Headway Workforce Solutions with the use of or results from any calculations or assumptions made from this information or with the UI Tax Calculator. Please consider consulting with your tax advisor, accountant or attorney to learn about how this specifically may or may not impact your organization.