New Special Assessment Due From AL Employers

Certified Public Accountants & Consultants
www.hbkcpas.com, info@hbkcpas.com
(251) 928-2443

June/2011

All Employers Required To Make 1-Time Payment

The Alabama Department of Industrial Relations announced a one-time special assessment will be charged to all employers to offset expenses related to the Unemployment Compensation Trust Fund.

Following is a summary of the special assessment requirements:

Every employer in Alabama will be required to pay the assessment.
Amount due is equal to .07% (seven-hundredths of one percent) of total taxable wages paid in 2010.
Employers will receive a letter from AL DIR with the amount of their assessment.
Payment will be due September 9th via electronic funds transfer on the AL DIR website or by check.

If you have any questions, please contact your HB&K tax professional.

To read the full announcement on the AL DIR website, click here.

Hartmann, Blackmon & Kilgore P.C. is one of the Gulf Coast's leading CPA and business consulting firms, and is ranked by Business Alabama as one of the top-tier accounting firms in the state. The company was founded in 1990 as a certified public accounting practice, and has grown to include consulting services such as business valuation, litigation support and estate planning. HBK serves as a strategic partner to many of the leading businesses and municipalities throughout the Gulf Coast, as well as a variety of individuals and entrepreneurs.

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