Why companies should manage their Unemployment Tax Account

April 30, 2008

Did You Know:

 

  • Unemployment is the 2nd  highest employer mandated tax
  • Each claim should be looked at as a potential $12,000 liability
  • 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?

 

Did You Know:

 

  • State of New Jersey has  a 12% error rate in the payment of unemployment claims.

 

The states are overpaying the amount of the claims and taking money from your account.

 

How we can help:

Our unemployment claim service will lower your rate because

  • We will audit every claim
    • Is the claim your responsibility?
    • Is the proposed dollar amount to be paid correct?
    • Are you 100% responsible for the claim being paid?
    • Is your account being charged for subsequent activities?

 

  • We will become the address of record and promptly notify you and file all necessary claim forms for your company.

 

  • We will review your existing claim procedure and make updates as needed to coordinate the handling of claim information between our offices.

 

  • We will hold seminars with key individuals and train your employees

 

  • We will reconcile your account to make sure the state has properly recorded all the payments and payroll information  that has been forwarded to their office.

 

  • We will verify your rate annually and determine if a voluntary contribution is applicable.

Should you want to know more about unemployment you may email george@hbsadvantage.com.

Visit our website www.hutchinsonbusinesssolutions.com  to learn more about opportunities to create savings for your comany.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: