NJ Computer Error cause mistakes in Unemployment Tax Rates
The state of New Jersey issuing Amended 2005/2006 Unemployment Tax Rate Notices.
The state of New Jersey is in the process of issuing Amended 2005/2006 Unemployment Tax Rate Notices.
Some of the originally mailed (August 22, 2005) notices contained erroneous duplicated contributions (taxes), thus assigning employers a higher reserve ratio than required by the tax table. As a result, the state of New Jersey has now corrected their figures and is issuing the amended notices.
Please take note, not all NJ employers were affected by the programming error, thus, only those employers whose data has changed will receive the Amended Notice.
Has your company been assigned the correct rate? This is another example of why the US Department of Labor states there is a 50% chance you are overpaying payroll taxes.