More than 100 tax preparers attended the Rhode Island Division of Taxation's seminar for tax preparers last week at the Community College of Rhode Island campus in Newport. The session, on November 6, focused mainly on what's new for the coming filing season and what's new for tax year 2015. (A second session, to be held in December in Warwick, is already sold out.)
Rhode Island Governor Lincoln D. Chafee joined Rhode Island Department of Labor and Training Director Charles J. Fogarty today in Cranston to announce repayment of the funds that the state borrowed to cover unemployment insurance (UI) benefit payments. As a result of the repayment, six months earlier than scheduled, Rhode Island's 32,000 employers will save more than $50 million in taxes -- including taxes under the Federal Unemployment Tax Act (FUTA) and the state job development assessment - in 2015, and $45 million more (in tax savings) in 2016. "This is a big win for Rhode Islanders and our business community," Governor Chafee said. Please click here for details.
The Rhode Island Department of Labor and Training today announced the taxable wage base for 2015 for purposes of the state's unemployment insurance tax. Also today, the DLT announced the employee contribution rate and taxable wage base for 2015 for the temporary disability insurance (TDI) program. For details, click here.