![]() ![]() The ERC is a tax credit for businesses that continued to pay its employees during the COVID-19 pandemic. Has your business received emails from companies offering to help you get $7,000 in tax credits for each of your employees under the Employee Retention Credit (ERC)? The Internal Revenue Service is warning employers to be cautious of these direct solicitations promising tax savings that are too good to be true. IRS WARNS ABOUT SOLICITATIONS FOR EMPLOYEE RETENTION CREDIT If your business has 10 or more employees, you must file these reports and pay your taxes online using the Florida Department of Revenue’s secure portal.įUBA members who have questions about their company’s reemployment taxes can call the FUBA offices at 80 and ask for Karen or Mallory. The first RT- is due April 30 th and will be for wages paid to employees in January, February, and March 2023. ![]() Returns are due by the end of the month following each calendar quarter: April 30 th, July 31 st, October 31 st, and January 31 st. Unless you hire new employees during the year, your business will probably pay most of the tax due for the year in the first quarter and have little to no tax due in the later quarters of the year.Įmployers must file a reemployment tax return (RT-6) every quarter, even if no tax is due. Once you have paid taxes on the first $7,000 of an employee’s wages for that year, you will not owe any reemployment tax for that employee for the rest of the year. Remember that reemployment taxes are charged only on the first $7,000 of wages paid to each employee in a year. Apply this rate to the wages paid to your employees to calculate how much reemployment tax you owe each quarter. Your business should have already received a notice from the Florida Department of Revenue with your 2023 reemployment tax rate. Your company’s tax rate may be in between the minimum and maximum rates, depending on how many of your former employees received reemployment benefits during the last 3 years. Maximum rate: 5.4% or $378 per employee.The minimum and maximum reemployment tax rates for 2023 are: This tax is assessed on the wages you pay your employees and is paid each quarter to the Florida Department of Revenue using the form RT-6 (the Employers Quarterly Report). Most Florida employers are required to pay Florida reemployment tax (it used to be called unemployment tax) to the State of Florida every quarter. FLORIDA REEMPLOYMENT TAX RATES FOR 2023 NOW AVAILABLE ![]()
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