![]() "We'll be repaying this debt probably for the better part of this decade, which means we'll have an interest assessment every year for a decade as well," Pokalsky said. ![]() But Pokalsky says lawmakers could have addressed the issue themselves last year. After you get your EIN, you must register with New York State. You can also get form SS-4 by calling 1 800 829-3676. sending the IRS federal form SS-4, Application for Employer Identification Number. State lawmakers have said it's the federal government's job to forgive the debt. visiting the IRS at Apply for an Employer Identification Number (EIN) Online, or. Kathy Hochul's administration, have defended the surcharge on businesses. "Every other state dipped into their federal COVID relief funds and paid down borrowing, paid interest expense with one notable exception: the state of New York," Pokalsky said. That's meant an additional monthly fee and interest payments for businesses on top of their unemployment insurance costs. ![]() The hours of operation for the hotline are currently the following: Monday-Friday 8:00am-4:30pm. "Taken together over until the day this loan is repaid, this is at least $10 billion or more increase in New York state unemployment insurance taxes paid by New York businesses," Pokalsky said.īut unlike other states that accrued unemployment insurance debt during the pandemic, New York is having employers pay down what's owed. What are the hours for the Unemployment Hotline (603) 271-7700: Agents stand ready on the UNEMPLOYMENT HOTLINE to answer your questions. The federal government loaned New York money to help with the sharp rise in joblessness. If you live outside the United States and cant access your form online, contact a Federal Benefits Unit for help. When the state closed businesses and public gathering spaces in the initial weeks of the pandemic, 2 million jobs were lost. New York currently owes about $6.5 billion in unemployment insurance costs to the federal government. Reemployment Assistance benefits, also known as unemployment compensation, provides temporary wage replacement benefits. If you want to file a personal claim for unemployment insurance benefits, please see dol.ny.gov for more information. "People may forget about it and call this the summer surprise, but this is part of the process and part of the problem," Pokalsky said. New York State Employer Registration for Unemployment Insurance, Withholding and Wage Reporting form. ATTENTION: Online Services for Employers may ONLY be used to access information about your unemployment insurance employer/business account with the Department of Labor. ![]() Ken Pokalsky of the Business Council says the money for businesses will add up in the form of a higher monthly cost.īusinesses in New York are once again being hit with a surcharge to help pay down billions of dollars in debt left over from the COVID-19 pandemic. It began this week: An additional fee charged to New York employers who are shouldering the burden of the billions of dollars owed to the federal government. ![]()
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