Employers Edge – SSAE 18 SOC 2 Type II Certified

Employers Edge – SSAE 18 SOC 2 Type II Certified

Employers Edge is pleased to announce it has received SSAE 18 SOC 2, Type II Certification from the AICPA (American Institute of Certified Public Accountants). According to AICPA, “SOC for Service Organizations reports are designed to help service organizations that provide services to other entities, build trust and confidence in the service performed and controls related

Massachusetts Legislation Extends Unemployment Benefits for Workers During Lockouts

Massachusetts Legislation Extends Unemployment Benefits for Workers During Lockouts

Massachusetts has enacted legislation that provides additional unemployment compensation for employees affected by an employer’s lockout. The law will extend benefits 26 weeks beyond the regular unemployment compensation guidelines or until the end of the lockout, whichever is shorter. Massachusetts charges unemployment benefits in reverse chronological order, so additional payments may be charged to the employer

19 States Hit Record Low Unemployment Rates in 2018

19 States Hit Record Low Unemployment Rates in 2018

The Bureau of Labor Statistics has archived record lows and highs by state, and 2018 proved to break the record low in 19 states. 7 of those states broke their record low in December 2018. The lowest unemployment rate was 2.0% in Hawaii for the month of May. These state unemployment rates reflect the national

Initial Unemployment Claims at 49 Year Low

Initial Unemployment Claims at 49 Year Low

The week ending January 19th proved to have the lowest number of initial unemployment claims since November 1969, according to a Department of Labor weekly news release. The initial claims for this week numbered 199,000, a decrease of 13,000 from the previous week. Unemployment claims for Federal workers are reported separately and with a one

CO and VT Pledge to Pay Unemployment Benefits to Essential Federal Workers

CO and VT Pledge to Pay Unemployment Benefits to Essential Federal Workers

Colorado Governor Jared Polis and Vermont Governor Phil Scott have both announced that Federal workers who are required to report to work without pay can file a claim for unemployment benefits. This goes against what is advised by the Federal Government, which states that only furloughed workers are eligible for unemployment benefits, not essential workers

Furloughed Federal Workers Eligible for Unemployment Benefits during Government Shutdown

Furloughed Federal Workers Eligible for Unemployment Benefits during Government Shutdown

The current government shutdown is the longest in history, impacting approximately 800,000 Federal workers. Those workers have already missed one paycheck. The last paycheck these Federal employees received was issued in late December of 2018. Furloughed Federal employees are eligible for unemployment benefits, while employees that are required to work despite going unpaid may have

State Tax Revenues, Benefits Paid, and Trust Fund Balances: 2008 vs 2017, and 2016 vs 2017

State Tax Revenues, Benefits Paid, and Trust Fund Balances: 2008 vs 2017, and 2016 vs 2017

2008 vs 2017 State Tax Revenues: Increased $6.55 billion (20.5%) Benefits Paid: Decreased $13.16 billion 30.6% Trust Fund Balances: Increased $25.25 billion (84.2%) 2016 vs 2017 State Tax Revenues: Decreased $2.17 billion (-5.4%) Benefits Paid: Decreased $1.78 billion (5.6%) Trust Fund Balances: Increased $8.27 billion (17.6%)   State tax revenue, unemployment benefits paid and trust fund

Unemployment Benefits Overpayment by State

Unemployment Benefits Overpayment by State

The United States Department of Labor has updated their most current unemployment benefits overpayment data, ranging from Q2 2017 to Q1 2018. The overpayment rate is a percentage calculated by dividing the overpayment amount, by the total benefits amount paid. The lowest state is Hawaii at less than 3%, while the highest is Michigan at

California – No More FUTA Tax Credit Reductions

California – No More FUTA Tax Credit Reductions

After years of recovery from the Great Recession and increasing FUTA taxes due from employers in California, the golden state has finally met the key condition needed to avoid FUTA credit reductions: no outstanding Title XII loans on November 10th 2018. The USDOL has published the official notice and credit reduction information, which may be