Form Nys-50 - Employer'S Guide To Unemployment Insurance, Wage Reporting, And Withholding Tax Page 17
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52NYS-50 (10/11) Page 17 of 52
Newly liable employer
Joint accounts
Newly liable employers (those who, together with the previous owners
A joint account may be established on application by any two or more
of the business, if any, have not been liable for taxes more than one
qualified employers who are in the same or related kinds of business, or
full calendar year before January 1) are taxed at a set rate on wages
who have a common financial interest. For experience rating purposes,
paid during the calendar year. The new employer normal tax rate is
a joint account is treated as though the account belonged to a single
calculated each year based on the size of fund index and is equal to the
employer. This means that all firms in the joint account have the same
rate for an employer with a positive account percentage of less than 1%,
tax rate. However, each employer must continue to file their own
except that the rate will not exceed 3.4%. This rate is in addition to the
separate quarterly return.
subsidiary tax and the re-employment service fund tax.
Once approved, a joint account must be maintained for at least two
calendar years after the year in which it is established. Thereafter, it
Nonpayment of remuneration
may be dissolved upon application by one or more of the employers if
An employer who, together with previous owners of the business, paid
prior notice has been given the remaining employers. The dissolution is
remuneration in prior years but has paid no remuneration during the
effective as of December 31 of the year in which the application is filed.
payroll year that ended before the computation date, is assigned the
Employers who wish to establish or dissolve a joint account should apply
normal tax rate for an employer with a positive account percentage of
in writing to the Department of Labor, Liability and Determination Section
less than 1%, except that the rate will not exceed 3.4%. This rate is in
(see Unemployment insurance issues — Where can I find the answers? on
addition to the subsidiary tax and the re-employment service fund tax.
page 46).
Reporting delinquency
Further information on the calculation of tax rates is available in
Employers who fail to file all required returns by December 31 will have
pamphlet IA 318.12, Experience Rating.
their tax rate calculated using estimated wages established by the Labor
Department. Once the rate is assigned, it cannot be lowered even if
On the following three pages are tables showing normal tax rates based
actual wages paid would have resulted in a lower rate.
on the size of fund index, and subsidiary tax rates based on the General
Account balance.
Voluntary contributions
An employer may make a voluntary payment in addition to the regular
tax payments in order to reduce a tax rate. Such payment is not
refundable. To be considered as of a computation date, the payment
must be made no later than the following March 31. Questions regarding
voluntary contributions should be directed to the Department of Labor,
Employer Account Adjustment Section (see Unemployment insurance
issues — Where can I find the answers? on page 46).
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