Posts Tagged ‘Connecticut Employers’

Connecticut Joins Pact on Employee Misclassification Initiative

The misclassification of employees as independent contractors, presents a serious issue for affected employees, employers, and to the economy. Misclassified employees are often denied access to critical benefits and protections such as family and medical leave, overtime, minimum wage and unemployment insurance. Employee misclassification as independent contractors, also generates substantial losses to the Treasury and the Social Security and Medicare funds, as well as to state unemployment insurance and workers compensation funds.

How to Claim the Connecticut Job Expansion Tax Credit (JET)

During its October, 2011 Special Session, the Connecticut General Assembly adopted, and on October 27, 2011, Governor Malloy signed into law, House Bill No. 6801, An Act Promoting Economic Growth and Job Creation in the State (the “Act”). One of the most significant items in this Act is the Job Expansion Tax Credit.Below is an overview of the program, eligibility requirements and information on where and how to apply for the credit.

Important Connecticut Witholding Tax Information for Employers

Recently enacted legislation makes significant changes to Section 12-700(a) of the General Statutes retroactive to January 1, 2011. Employers and taxpayers need to perform catch-up withholding for the current tax year.  The following is a brief overview of the changes which may affect your employees:

Connecticut Unemployment Fund to Assess Employers

Unemployment Insurance benefits are financed by employers through the payment of taxes. Because of the severe economic recession, unemployment has risen to a current level of 9.1% nationally. In October of 2009, Connecticut’s Unemployment Trust Fund became insolvent and in order to continue to pay claims the state has had to borrow from the United States Department of Labor. These borrowings have been interest free through 2010 due to the American Recovery and Reinvestment Act of 2009, which waived … Continue reading »

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