Don’t Overpay Employment Taxes!

February 26, 2010

Overpayment of employment taxes happens more than you think.

Prepare for a merger, acquisition, divestiture or restructuring
As part of planning for anyone of these major events, one needs to consider the employment tax consequences of these events.  Your range of rights and options to optimize your employment tax account are influenced by the timing of the event and what steps you take in advance to secure your rights.  Steps you make in corporate structure can have a tremendous effect on your employment taxation.  Analyze your options up front and execute the appropriate strategy to optimize your taxes.

For the above strategies, your state (NY 888-899-8810 / NJ 609-292-1730 / CT 860-566-1018) and/or federal agencies are available to help you better understand how these issues may influence your specific accounts.  As there are many areas of nuance in this area, please make sure to consult with a field specialist to make sure you are in compliance and correctly positioning yourself to generate cash refunds and lower tax rates.  Through strategic employment tax practices, you can improve your “asset” value of your unemployment reserves and strengthen your “cash flow” from refunds and reduced taxation.

Our Perspective:

Hutchinson Business Solutions is an independent broker that specializes in corporate financial solutions. We have worked with many corporations who recently went thru a merger or acquisition.

Did you know that the US Department of Labors states that companies who fit this profile have a 50% chance that they have been assigned the incorrect rate and that they may be overpaying unemployment taxes?

To learn more email george@hbsadvantage.com or call 856-857-1230

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: