November 2021 | Important Dates & What's New
Happy November! Check out the list below to see important dates that you may want to jot down:
November 1, 2021
These are reports and returns that are generally due on October 31, but since that date was a Sunday, the deadline is moved to the next business day.
Employer's Quarterly Federal Tax Return (Form 941) for Q3 — IRS
State Unemployment Insurance (SUI) Report and Payment for Q3— ESD
L&I Report and Payment for Q3 — L&I
Quarterly DOR Filers: Excise Tax Return for Q3 — DOR
Quarterly City of Bellingham Filers: B&O Tax Return for Q3— City of Bellingham
November 26, 2021
These are reports and returns that are generally due on November 25, but since that date is Thanksgiving, the deadline is moved to the next business day.
Monthly DOR Filers: Excise Tax Return — DOR
Monthly City of Bellingham Filers: B&O Tax Return — City of Bellingham
Please note that all businesses are different and you may have other deadlines that apply to you. If you have questions related to your business or industry, you should contact your accountant or bookkeeper.
There are a few payroll changes that will be happening beginning January 1, 2022.
Minimum Wage Increase
The minimum wage in Washington state will be increasing to $14.49, up from $13.69 this year. Learn more here: https://lni.wa.gov/workers-rights/wages/minimum-wage/index
Paid Leave Premium Rate Increase
The premium rate for Paid Leave will be 0.6%, up from 0.4% this year. You will need to update your calculations to withhold the new 0.6% starting in January.
Learn more here: https://paidleave.wa.gov/estimate-your-paid-leave-payments/
WA Cares Fund: A New Employee Premium
Employers will be responsible for collecting premiums and reporting wages for the WA Cares Fund. Luckily, it will be through the Paid Leave reporting system so you can report for both programs at the same time. Unlike Paid Leave, employers won't pay any share of contributions for their employees. The WA Cares premium rate will be 0.58% of each employee's gross wages.
Learn more here: https://wacaresfund.wa.gov/
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