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Texas Workforce Commission (TWC) Rules 815.107 and 815.109 require all employers to report Unemployment Insurance (UI) wages and to pay their quarterly UI taxes electronically. Employers that do not file and pay electronically may be subject to penalties as prescribed in Sections 213.023 and 213.024 of the Texas Unemployment Compensation Act ...
The Texas Unemployment Compensation Act (TUCA) is the basis for reporting requirements. Employers report wages when paid rather than when earned or accrued. Employers report employee gross wages each quarter.
Quarterly wage reports and tax payments are due by the last day of the month following the end of the quarter. Due Dates for Employer’s Quarterly Reports & Payments. Penalties and interest are assessed on late reports and tax payments.
Reimbursing employers report their employees' wages, pay no quarterly UI tax on such wages, and have potential financial involvement (reimbursement liability) in any UI claims that might be filed by such workers.
If report is filed during the first 15 days after the final due date, the penalty is $15.00. If report is not filed during the first 15 days after the final due date, then one of the following computations will be used to calculate the penalty for a late report.
17 maj 2021 · you have terminated your workers' compensation insurance coverage. However, if your only employees are exempt from coverage under the Texas Workers' Compensation Act (for example, certain domestic workers, certain farm and ranch workers) you do not have to file.
Fortunately, the most that ever happens with the vast majority of compliance problems is the imposition of a simple interest charge on unpaid taxes, or else a minor penalty for late submission of a wage report. This article explains the basics of the audit process. A TWC tax audit generally begins in one of four different ways:
