What if an employer has purchased a Massachusetts business, undergone a business transfer and/or organizational change during the applicable base period?
Companies that take over part or all of another UI subject employer during the applicable base period are responsible for including the predecessor’s payroll, employment, and health insurance data when they file for FSC. The 2007 and 2008 base period was 10/1-9/30 of the respective year. 2009 applicable quarterly reporting periods are 10/1/08-12/31/08; 1/1/09-3/31/09; 4/1/09-06/30/09 and 7/1/09-9/30/09. First, by law, the predecessor and successor must have reported this information to the DUA for UI purposes – to receive a proper UI determination and the possible issuance of a new DUA number(s). Then, the FSC filing can be completed under the appropriate DUA number, and with the correct FSC filing data included. Failure to take the first step in notifying DUA of a business transfer may not only result in retroactive changes to their UI accounts and UI rates, but could also result in improper FSC filing. Among the types of business transfers and organizational changes that must be repo
Related Questions
- What if an employer has purchased a Massachusetts business, undergone a business transfer and/or organizational change during the applicable base period?
- What if there was a business transfer and/or organizational change during the applicable base period?
- Is it Tufts Health Plan’s intent to transfer business to Massachusetts?
