Why you should look at Unemployment Taxes

November 14, 2007

Unemployment is the 2nd  highest employer mandated tax, yet no one seems to question it.

What is your current rate?

Your Unemployment account is similar to having an open checkbook with the State:

  • The State assigns your rates

  • The State has total control of all monies in the account

  • The State determines the amount of each payment and disburses payments from this account

  • The State sends a quarterly reconciliation of all activity in the account

Would you handle your personal account this way?

How much did your company pay into Unemployment last year?

What is your reserve balance? (How much is in your State Checkbook)?

 Did You Know:

  • The State of New Jersey has a 12% error rate in the payment of unemployment claims.
    •  The state is overpaying the amount of the claim
  • The US Dept of Labor states that there is a 50% chance a company is overpaying taxes if they have been involved with a merger, acquisition or restructuring
    • All the due diligence is done prior to the above activity
    • The papers are then sent to the state to be recorded
    • Who validates that the transaction was recorded properly by the State

Hutchinson Business Solutions ( HBS ) works as an advocate for our clients. The onus is on the company to show that their rate is incorrect and that you may have overpaid Payroll Taxes.

 We have a 90% success rate 

Our team of experts deals only with Unemployment and other payroll related taxes only. We are able to look back over the past 3 to 4 years and determine if your rates were calculated properly. If there is an error, we will review the information with the client and take the necessary steps to have it corrected.

There is no upfront fee, we are only paid if there is a mistake and the client receives a refund and or credit to correct the rates. 

This is a Win / Win

  • HBS will validate your unemployment rates are correct.

  • There is no upfront cost; we work on a contingency basis.

  • These taxes have already been paid!

 You may qualify for a Refund!

Spread the good news….. share this information with a friend. 

Should you like to discuss opportunities available for your company to increase profits call us at 856-857-1230 or email george@hbsadvantage.com

 

 

Hutchinson Business Solutions…Your CFO on the Go. 

Defining opportunities today, increasing profits for tomorrow.

Visit http://www.hutchinsonbusinesssolutions.com/ to learn more about saving opportunities available for your company.

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