Friday, December 12, 2008

A bit of good news for businesses: Lower taxes in 2009

Washington's Employment Security Department is reporting some welcome good news for business owners across the state.

"For the first time ever, more than half of all Washington employers will be in the lowest unemployment-insurance tax bracket in 2009, with tax savings totaling some $45 million...

The department is currently mailing 2009 tax-rate notices to more than 150,000 businesses. All told, about 25 percent of employers will see rate decreases, with just 18 percent seeing rate increases."

The department says the reason for the improved 2009 tax rates is the relatively low unemployment rate over the past four years.