Attention Employers With Payroll!
The North Carolina Department of Employment Security in response to COVID-19 are offering employers a tax credit applicable toward their contribution to the Unemployment Insurance Fund. This credit will be equal to the amount of the employer’s contribution DUE to the fund for the first quarter of 2020. Note that any outstanding employer contributions for Q1 of 2020 are have been waived.
To receive this credit, employers simply need to file their Q1 2020 Tax and Wage Report. Employers must file the report to receive the credit.
Any payments already made for Q1 2020 will be applied to second quarter contributions. If the amount of the credit is higher than the contributions due, the difference will be refunded.