Two things in life are certain: Death and Taxes. Whether it is income tax, sales tax, property tax, etc. you still have to pay it! The good new is – some taxes are controllable and even minimizable. <\/span><\/p>\n Employers are all too familiar with with the effects of taxes on their bottom line profits. Ever wonder if there\u2019s a way to pay less money in taxes? Well, one tax that is CONTROLLABLE is the <\/span>unemployment tax rate<\/span>. For employers, it does not matter what state you do business in, you can still reduce your unemployment tax rate – all it takes is some know how. <\/span><\/p>\n There are three main areas that employers need to watch in order to control their unemployment tax: <\/span><\/p>\n Every unemployment claim needs to be fought with the proper legal language that is written in the state laws. Be sure to to specifically identify the final incident that caused the termination and don\u2019t mis-interpret the claimant\u2019s actions for something that they weren\u2019t. <\/span><\/p>\n Auditing is arguably the most important aspect in lower an unemployment tax rate. Did you know that each state admits that it pays out an excess amount in unemployment benefits each year? Check out the map <\/span>here<\/span><\/a> to see how your state stacks up against others. Employers must check to see how much each claimant is supposed to be getting paid out, and then determine if the claimant is actually receiving the proper amount of pay. Here\u2019s the catch: this money has <\/span>already<\/span> been paid – the state is just letting you know they paid it. It is your job to check that the state is paying the proper amount of money out of your account!<\/span><\/p>\n You don\u2019t know what you don\u2019t know. And, your employees don\u2019t know what they don\u2019t know. Did you know that you can \u201cbuy down\u201d your tax rate to effectively pay taxes at a lower tax bracket? This is call a <\/span>voluntary contribution<\/span><\/a>. Certain states allow voluntary contributions, while others do not. This is just one example of an opportunity to lower your tax rate without having to do any \u201cwork\u201d. <\/span><\/p>\n Employers should be proactive in ensuring that their whole organization is on the same page. Managers should understand how the unemployment system works, since often times an unemployment claim will be decided based on a write up or termination letter from a manager. Companies should be following uniform procedures when disciplining employees and issuing write-ups in a logical progression. <\/span><\/p>\n Dunn Corporate Resources has the economies of scale to help your business achieve the lowest possible unemployment tax rate, while offloading all of the workload! Our award winning computer system is fully integrated with the Federal Government’s SIDES system allowing us to process unemployment claims electronically! Our systems ensure no overpayments are made, and that employers receive all possible credit\u2019s to their unemployment accounts. <\/span><\/p>\n\n
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