Labor Law Center Blog » Blog Archive » New Hampshire Unemployment Insurance Update

New Hampshire Unemployment Insurance Update

December 31st, 2006 Posted by Mark

All of these taxes may get your head spinning, as well as the head of your nearest accountant, but it is important to remember during this whole unemployment insurance talk that employers can also have some control over what sort of taxes they pay, at least when it comes to the unemployment insurance tax.

Sure, when you are a new employer in the state of New Hampshire, Nevada, or in any state, there is a set fixed tax rate that you start at when you pay unemployment insurance taxes. And that rate generally stays into effect for the better part of your first three years as a registered employer. But during those first three years even, you can affect how much your taxes will then go up and down when you switch to an experience tax rating system.

Part of what you can do of course is to simply be prompt when asked for information from the state, and when paying your unemployment insurance taxes. Generally, on a human to human level, people appreciate getting things on time. But more importantly for your future tax rate, states actually factor into your tax rate how timely you are in your payments.

Also, when providing info to the New Hampshire state unemployment insurance system, you will want to not only be on time, but be accurate. It is responsibility to know when and how you ended relationships with employees. Providing this sort of info can help state officials in New Hampshire know whether or not they should be paying benefits to your former employees. That can save you money down the road in your experience rating.

Part of this process is keeping accurate and up to date records on your current employees’ performance. Absence reports, disciplinary action reports, warning forms, and such can all serve as proof down the road if you need to show the unemployment insurance officials that an employee wasn’t actually laid off, but was fired for disciplinary reasons.