Employers may now enroll in the optional New York Employer Compensation Expense Tax (ECET) Program. Employers that are choosing to opt-in for calendar year 2019 must enroll no later than December 1, 2018. Employers can enroll online through their Business Online Services account.
The ECET is an optional, employer-paid tax that is being phased in over three years, beginning in 2019. The enrollment period each year is from October 1 through December 1 for the election period effective January 1 of the following year. Earlier this year, the New York Department of Taxation and Finance issued guidance on the ECET.
Interested in more state and local payroll coverage? APA’s PayState Update eNewsletter is perfect for you.
