How does the VEC know employers are reporting correctly?
Employer UI Tax Questions #6: How does the VEC know employers are reporting correctly?: We sometimes learn this when a former worker files for unemployment benefits and their wages are not recorded in our system. In addition, VEC tax representatives conduct periodic audits of employer accounts. Over 3,700 VEC audits are conducted each year. These audits reveal some employers are not reporting all workers to the Commission and are not reporting compensation correctly. Employers who exclude reportable wages may become subject to additional tax, interest, and penalties.
