Labor Law Center Blog » Blog Archive » Wisconsin Unemployment Insurance Update

Wisconsin Unemployment Insurance Update

January 1st, 2007 Posted by Mark

Here we are at yet another state, and the same point still makes sense. In Wisconsin, employers who are liable for unemployment insurance benefits are required to submit a Quarterly Contribution/Wage Report to the Wisconsin unemployment insurance system. As part of this report, it’s up to the employer to provide wage and tax info, as well as employee gross wage earning info for each and every employee that you have.

These quarterly reports are due promptly at the end of the month following the end of the quarter. So for the first quarter, for instance, the Quarterly Contribution/Wage Report is due by April 30. For the second quarter, the Quarterly Contribution/Wage Report is due on or before July 31. For the third quarter, the Quarterly Contribution/Wage Report is due on or before October 31. And for the fourth quarter, the Quarterly Contribution/Wage Report is due on or before January 31 of the following year.

The importance of all of these due dates for the Quarterly Contribution/Wage Report—the state expects you to make them. If you don’t send in the Quarterly Contribution/Wage Report on time, you could get charged late filing fees. Plus, you will face a 1 percent per month interest rate charged on the back taxes that you owe. Talk about a good reason to keep organized and provide accurate and timely info to the state of Wisconsin’s unemployment insurance system.

As for that tax, in the state of Wisconsin, they have the tax rate set so that you pay taxes only on the first $10,500 in wages for each employee in a calendar year. And the overall percentage of these wages that you is determined on your experience with the unemployment insurance system, as we have seen in most states. Part of this experience is getting your taxes paid on time on a regular basis. New employers have their own tax rate for the first three years of coverage.