Virginia Unemployment (VEC) Reporting Requirements Question

[Anonymous]

Hi all.

I handle our nanny taxes. I understand the reporting requirement for Virginia unemployment taxes is a payroll of $1000 per quarter for a domestic employer. Last year my total nanny payroll for each of Q3 and Q4 was under this $1000 mark. Here's the question. Do I simply leave those quarters unfiled? Or do I have to file something that says my payroll was under the threshold?

Thanks for your help!

[webbkathy]

Did you have any quarters in 2011 or 2012 that were over $1000? If the answer is yes, you need to file and pay unemployment taxes on the wages you paid even in the quarters under $1000. You can only opt out after a full calendar year of payrolls all under $1000/quarter.

Ditto for FUTA.

[Anonymous]

Thanks, Kathy!