ChrisandShelley
Well-known member
- Joined
- Apr 13, 2014
- Messages
- 401
- Reaction score
- 29
So I believe this is my first official gripe on this website.
I got a letter about the previous owners company being delinquent on their unemployment tax. Since they used our inn name as their business entity name, I wanted to get that straight, so I called. Well, I ended up talking to a supervisor who told me that he would take care of that, but after looking at our account, we did not pay enough. Instead of the 3.7% that new businesses pay, we have to pay 12.8% per quarter!! Why!?! Because someone at our business took unemployment benefits many years ago, so the deficit is more than what was paid! So we have to pay for someone taking unemployment before we even bought the business!!! AAAAGH!!
I would never have even thought to look for that when I was reviewing financials. It wouldn't have been a deal-breaker, but I would have liked to have known.
I got a letter about the previous owners company being delinquent on their unemployment tax. Since they used our inn name as their business entity name, I wanted to get that straight, so I called. Well, I ended up talking to a supervisor who told me that he would take care of that, but after looking at our account, we did not pay enough. Instead of the 3.7% that new businesses pay, we have to pay 12.8% per quarter!! Why!?! Because someone at our business took unemployment benefits many years ago, so the deficit is more than what was paid! So we have to pay for someone taking unemployment before we even bought the business!!! AAAAGH!!
I would never have even thought to look for that when I was reviewing financials. It wouldn't have been a deal-breaker, but I would have liked to have known.