Below is information about WI UNEMPLOYMENT CORPORATE OFFICER EXCLUSION from a variety of sources. Please take a look at the materials that our team has selected for you.
https://dwd.wisconsin.gov/dwd/forms/ui/pdf/uct_8055.pdf
https://dwd.wisconsin.gov/dwd/forms/ui/uct-8055.htm
Worksheet - Corporate Officer Exclusion. Document Number: UCT-8055. Description: This form is used by employers to calculate the monetary effect of electing out of paying State unemployment tax on principle officer's wages. Comments: This is a print only form. For more information regarding this form go to the Handbook for Employers. Content ...
https://dwd.wisconsin.gov/dwd/forms/ui/PDF/uct_7937.pdf
elects, effective as of January 1, , to exclude from coverage under Wisconsin’s Unemployment Insurance law all of its principal officers, i.e., president, vice-president(s), secretary, and ... officer for the corporate officer exclusion. Pursuant to Wis. Stat. s. 108.24(2), any person who knowingly makes a false statement or representation as ...
https://dwd.wisconsin.gov/dwd/forms/ui/uct_8055.htm
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https://dwd.wisconsin.gov/ui201/t2201.htm
https://dwd.wisconsin.gov/dwd/publications/wc/wkc-13441-p.htm
Contact the Wisconsin Department of Workforce Development - Worker's Compensation Division, Bureau of Insurance Programs in-person at GEF-1 State Office Building, Room C100, 201 E. Washington Avenue, Madison by mail at P.O. Box 7901, Madison, WI 53707-7901 or by phone at (608) 266-3046.
https://dwd.wisconsin.gov/uitax/taxquest.htm
Not all employers will benefit from the corporate officer exclusion. The FUTA (940) tax does not recognize Wisconsin's exclusion so since state UI taxes are not paid on the officers wages, the employer is required to pay the FUTA tax on the officers wages at the full rate of 6.0%.
https://unemployment.wisconsin.gov/SUITESPortal/Help/AccountFunctionsHelp.htm
K. Corporate Officer Exclusion Small employers may elect to exclude the wages of all principal corporate officers provided that they have ownership interest in the corporation. The result is that you are not required to report the wages or pay state UI taxes on the wages of corporate officers who own or control 25% or more of the business.
https://dwd.wisconsin.gov/dwd/publications/wc/WKC-13333-p.htm
Answer: Under s. 102.04 (1) (b) of the Act, an employer becomes subject to the Act and must carry a worker's compensation insurance policy if: The employer usually employs three or more persons full-time or part-time. This employer needs insurance immediately upon employing a third person. The employer has one or more full-time or part-time ...
http://scdew.gov/docs/default-source/employers/corp-officer---owner-faqs-10-16-15v2.pdf?sfvrsn=2
Corporate Officer Unemployment Insurance (UI) Coverage -or- Exemption from UI Coverage Frequently Asked Questions (FAQs) GENERAL 1. Are the wages of business owners/corporate officers subject to South Carolina state law on ... Corporate Officers (including individuals owning 25% or more of the corporation) As of January 1, 2016, corporations ...
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