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Wyoming Unemployment Insurance Update

January 1st, 2007 Posted by Mark

It should be no surprise to us to learn that Wyoming expects all of its new employers to report themselves to its Unemployment Tax Division in the Department of Employment, and that part of the whole unemployment insurance system in the state is determined by how well you keep info on your employees.

But getting back to the application to the Wyoming Unemployment Tax Division, you can get one from contacting the division directly, or downloading one of the applications off of their Web site. And this application is important for all new business owners, especially if you are paying a wage to someone. It is also important if you acquired or bought a business. In both cases, you could be liable as an employer under the Wyoming Employment Security Law, which means you could have to pay taxes to help fund the unemployment insurance system in the state.

Have we discussed what happens if you happen to be the employer getting bought out, or shutting your doors? We have considered the other half of the scenario pretty exhaustively (if I do say so myself), but when it comes to getting bought out or acquired, or shutting your business down, we haven’t talked much about that. In these scenarios, you will have to actually close down your account with the Unemployment Tax Division in Wyoming.

To do so, you have to make a request in writing to the Department of Employment’s Unemployment Tax Division that they shut down your account with them. This too requires a form, a Notice of Change Form. You can also use your company letterhead to send the letter. In either case, provide both your unemployment insurance number and your workers’ account number, as well as the last date of your payroll. You can fax or mail in this letter.