FLA and unemployment

FLA biz owners do you know that your unemployment compensation tax could increase 1000% (from $8.40ee to $100.30/ee)? The change was effective Jan 2 and triggered when taxable payrolls decreased. So the 11.2% FLA unemployment rate in October triggered the increase which you will pay all or a portion by April 30. Florida has been borrowing money from the federal government to pay out benefits since its trust fund ran out for the first time ever in August. The state borrows roughly $300 million per month and has an outstanding advance balance of about $1 billion as of January, according to the Florida Chamber. Did you know?