Michigan

Barnett Associates, a key strategic Walton partner and expert in Unemployment Cost Control provides update regarding Michigan taxable wage base for 2015.

Beginning with the third quarter of 2015, the Taxable Wage Base (TWB) — the maximum annual wage on which an employer must pay unemployment taxes — will be lowered from the current rate of $9,500 to $9,000. This means that non-delinquent contributing employers will pay less in unemployment taxes for the upcoming quarters.