Recent Unemployment Tax Successes

January 17, 2008

Please take a moment to review of our recent Unemployment Tax successes.

These results may also await you? 

Recalculated Unemployment Tax rates in 2 states and provided over $500k refund.

This issue simmered for 2 years until HBS got involved and clarified.

Major PA Company doing business in the Tri-State has grown thru acquisition. The States of NJ & PA had made an error in recording these transactions. HBS was able to define these issues and get the both States to accept our audit results. Both states have   corrected the assigned rates and are issuing over $500k in refunds.

  

Found $24m error on companies Unemployment average taxable wage base, lowered tax rate and saved client $425k in tax liability over the next year.

Major PA Facility doing business in multiple states had grown thru acquisitions. An error was found on their NJ taxable wage base calculation. The State was notified and the rate was corrected producing a $425k savings in this years unemployment tax payments.

Provided $19k Unemployment Tax Saving.Taking proactive steps to lower rates and provide savings.

Major New Jersey Law Firm received their new Unemployment rates from the State in August. While reviewing the company’s reserve balance, we found that by making a $6k voluntary contribution to increase the reserve balance their tax rate would lowered by .3%. By being proactive and the client will save $25k in unemployment taxes over the next year.

Give us a call to learn more about how these opportunities may also be available to your company.

Hutchinson Business Solutions has a 90% success rate in saving our clients tax liability and providing refunds.

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