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Florida Reemployment Tax Overview

In 2012, the Unemployment Compensation program was rebranded as the Reemployment Assistance Program by the Florida Legislature. As in other Florida 1states, the program remains under the Social Security Act and the Federal Unemployment Tax Act, but Florida decided to focus the program on assisting the unemployed in finding new employment.[1]

The mechanics of payroll tax law vary widely by state, so knowing how to file and pay payroll taxes in a timely manner can be challenging. The following reemployment  tax overview should help give companies a better sense of the specific requirements in Florida, assist them in filing taxes accurately and help payroll tax managers mitigate the penalties associated with failing to file taxes in a timely and accurate manner.

How to file and pay reemployment tax

Reemployment tax is collected by the Florida Department of Revenue (DOR).[2] Employers can register for a seven-digit account number by mail or register online at the DOR website.[3] In most cases, employers are liable to pay reemployment tax if they have a quarterly payroll of $1,500 or more in a calendar year or if they have one or more employees for a day during any 20 weeks in a year.[4]

Most Florida employers are required to file using the Employer’s Quarterly Report (Form RT-6) and pay their reemployment taxes on a quarterly basis.[5] Florida encourages all employers to file and pay electronically to save time and paperwork,[6] but Florida requires employers who paid tax for 10 or more employees during any calendar quarter of the prior state fiscal year (July 1 through June 30)  to file and pay electronically.[7]

Reemployment tax penalties

The Employer’s Quarterly Report (Form RT-6) is due the first day of the month following the end of each calendar quarter (April 30, July 31, October 31, January 31).[8] The late filing penalty is $25 per month that a report is delinquent. [9] Late payments incur an interest rate on the amount due as published in Florida’s Tax Information Publications that are updated semiannually on January 1 and July 1.[10]

For those required to file and pay via EFT (employers with 10 or more employees), the penalty for failure to file a report via EFT is $50 plus $1 for each employee. The penalty for failure to pay the tax electronically is $50 for each remittance.[11] Employers can obtain a waiver from electronic filing if there is a valid business reason.  However, there is no waiver from electronic payment.[12]

Other resources

For additional resources, check out The Bridge Sponsored by ADP®, a new secure social networking community sponsored by ADP® that provides a unique peer-to-peer online forum for employers to interact, collaborate, communicate and share experiences and knowledge about a wide range of human capital management topics. The Florida tax forum, includes additional details about the state’s tax employment documents and requirements.

 

Learn More about ADP Employment Tax

 

The information provided in this blog post is for informational purposes only and not for the purpose of providing accounting, legal, or tax advice. The information and services ADP provides should not be deemed a substitute for the advice of any such professional.  Such information is by nature subject to revision and may not be the most current information available.

[1]http://dor.myflorida.com/dor/forms/current/rt800001.pdf, pg. 1

[2]http://dor.myflorida.com/dor/taxes/reemployment.html#who

[3]http://dor.myflorida.com/dor/forms/current/rt800002.pdf, pg. 5

[4]http://dor.myflorida.com/dor/taxes/reemployment.html#who

[5]http://dor.myflorida.com/dor/taxes/reemployment.html#who, Due Dates

[6]http://dor.myflorida.com/dor/taxes/reemployment.html#who, Reporting Wages

[7]http://dor.myflorida.com/dor/eservices/, Reemployment (formerly unemployment) tax

[8]http://dor.myflorida.com/dor/taxes/reemployment.html#who

[9]http://dor.myflorida.com/dor/taxes/reemployment.html#duedates

[10]http://dor.myflorida.com/dor/taxes/reemployment.html#duedates

[11]http://dor.myflorida.com/dor/taxes/reemployment.html#electronic

[12]http://dor.myflorida.com/dor/taxes/reemployment.html#electronic


2 comments on “Florida Reemployment Tax Overview”

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