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How Extra Mutualized Rate Impact Ohio Business’ Unemployment Taxes

by JP KraftMay 16, 2017 8:00 AM

Every few years, Ohio business owners may notice unexpected increases in their unemployment insurance rates. At first, they may think that this is an error, but it’s actually part of regularly-scheduled increases called mutualized rates that apply to businesses across the state.

If you’re one of those Ohio business owners, you probably have a few questions, such as “what is a mutualized rate” and “why is Ohio charging me extra every few years?” Those are both very valid questions, so here’s a quick rundown on extra mutualized rates in the Buckeye State.

Image of an Ohio business owner dealing with extra mutualized rates for unemployment taxes.

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