Looks What’s New
June 27, 2016
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Here Ye
July 23, 2015
Hear ye…. Hear ye… Hear ye……
This is to serve as notice
To all businesses in the State of New Jersey…..
Your new unemployment rates have just been mailed
By the State of New Jersey
You should be receiving your new rate notice….. Any day
Note:
All business owners have 30 days to question the new rates
you have been assigned
This is as good a time as any to verify…….
Is our new Unemployment Rate correct?
Unemployment…
Is the 2nd highest Employer Mandated Tax
By the US Government
Yet, people know so little about it
It is the only employer tax that can be controlled
Did you know that each claim can be worth up to $16,000????
Unemployment…..
Is like having a checking account with the State
Each year, at this time, the state sends you a notice
In NJ, it is called the
Employer Contribution Report
This report tells you…
How much money you had in your account at the beginning of the plan year
How much money you paid out in claims during the year
How much money you deposited into your account during the year
How much money is left in your account now….
It then goes thru a calculation based on the numbers listed above
As to what your new rate will be for the next 12 months
This new rate determines the funding level needed
To meet future claims
What is your rate????
Is your rate high or low????
Did your rate go up????
If so…You got a tax increase……
How do you know if your rate is correct????
That last question is the one question
All business owners should be asking
Especially if you have over 100 Employees
When there is a mistake in unemployment
The mistake is not on just 1 employee
It is the all factor
A mistake effect all your employees
That means the State may be taking more money
Out of your account than they should be taking
Remember….This is like a checking account
Would you miss money…..
If it was taken out of your personal checking account????
Who is holding the State accountable????
We are
HBS works with many established clients
Who took the time to ask the question
Is our rate correct????
Boy were they surprised…..
When we found there was a mistake
We went back to the State
Corrected the error
And our client received a refund
We are always asked how did you do that????
That is what separates HBS from all others
We know where to look
Many of the cost we work with
Most businesses take for granted
As the cost of doing business
Did you know……..
The state has over a 12% error rate
In the payment of unemployment claims
Once again…..
They are taking money out of your account
And they are not being held
Accountable
That is reason enough to ask the question….
Do you think you can look at our
Unemployment rate????
Is it correct??????
To learn more
Give us a call
We offer a free consultation
Hutchinson Business Solutions 