Category: Taxes

Important Texas Tax Updates

Employers Cannot View Unemployment Insurance Tax Rates Until February 2021 2020 brought a long list of concerns for Texas employers; one our firm hears frequently is whether an employer’s unemployment insurance tax rate will increase dramatically due to increased claims.  The Texas Workforce Commission (“TWC”) acknowledged this concern earlier this month, stating it is “explor[ing] options to keep the 2021 tax rates as low as possible for Texas employers as Texas and the entire nation continue to deal with the economic disruptions of the COVID-19 pandemic.”  The TWC further raised the Congressional relief legislation as a possible ameliorating factor for keeping tax rates low. Typically, tax rates are released in […]