New York updates new employer tax information

New York has updated the Employer Compensation Expense Program (ECEP) at https://www.tax.ny.gov/bus/ecep/ecepdx.htm. The ECEP established a new optional employer tax (ECET) that employers can elect to pay if they have employees that earn over $40,000 annually in wages and compensation in New York (see Payroll Management Guide Report Letter 2562, dated July 10, 2018.) (https://www.tax.ny.gov/bus/ecep/ecepdx.htm, July 11, 2018.)

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