by Vicki M. Lambert, The Payroll Advisor, and Alice Gilman
Summary
This guide provides HR and payroll professionals with compliance guidance regarding the test for employee state unemployment insurance (SUI) tax coverage and what constitutes SUI taxable wages in New Mexico. It covers topics such as the taxable wage base, contribution rates, experience rating methods, SUTA dumping prevention, voluntary contributions, joint or combined accounts, quarterly reporting requirements, penalties for late filing, benefit overpayments, multiple worksite reporting and recordkeeping requirements. It also covers the requirements of the state workers’ compensation payroll assessment.
In this guide, learn about:
- Determining coverage
- SUI taxable wages
- Taxable wage base
- Contribution rates
- Experience rating method
- SUTA dumping
- Voluntary contributions
- Joint or combined accounts
- Quarterly reporting requirements
- Penalties
- Multiple worksite reporting
- Recordkeeping requirements
- Workers’ compensation payroll assessment
- Covered employers and employees
- Excluded employees
- Reporting and payment requirements
- Recordkeeping requirements
- Penalties
- Future developments
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Unemployment insurance tax (FUTA/SUTA); workers’ compensation payroll assessment: New Mexico
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About the author
Vicki M. Lambert, CCP
Vicki has over 30 years of hands-on experience in all facets of payroll functions and over 20 years as a trainer and author. She has conducted open market training seminars and lectured extensively on payroll administration and compliance issues for clients such as ADP, CCH Incorporated, Ceridian Employer Services, and The Employer Group.
She conceived, coordinated and wrote the manuals for the Payroll Practice and Management certificate program offered through the Extended Education Offices of Chapman University, California State University Long Beach; National University; and California State University, Northridge.
Alice Gilman
Alice Gilman, an employment tax compliance expert, has created two best-selling payroll compliance publications – Payroll Legal Alert, and The Payroll Compliance Handbook, currently published by Business Management Daily.
She was a contributing editor to Alexander Hamilton Institute’s Benefits Alert, Personnel Legal Alert, and Manager’s Legal Bulletin newsletters; the Complete Compliance Guide to Federal and State Employment Laws; the Complete COBRA Compliance Kit; the Complete FLSA Compliance Kit; and the Complete HIPAA Compliance Kit.
At Aspen Publishers, Ms. Gilman was a contributing editor to the Payroll Manager’s Letter, the American Payroll Association’s Basic Guide to Payroll, How to Slash Payroll Costs, and the Fingertip Guide to Payroll Practice.
Alice is a graduate of the State University of New York at Albany and received her law degree from the University of Bridgeport.
She is admitted to the New York State Bar and is a member of the American Payroll Association.