Fantastic news for employers – South Carolina is retroactively adjusting its ridiculous unemployment insurance rates for 2011! You will be receiving a notice with preliminary revised rates, and subsequently receive correspondence advising you of your final revised rates. As many employers pay their unemployment insurance taxes in full by the second quarter of a given year, we expect that the overpayments will be refundable, and expect to have more info soon on how to get these funds back into your bank accounts.

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