Your Unemployment Tax Rate Notice

The bottom line of our efforts is to achieve the lowest possible State Unemployment tax rate possible.  The Tax Rate Notice is issued annually.  While the computation period is generally the three-year period ending June 30, the tax rate applies to a calendar year.  Your Tax Rate Notice will be audited to insure correctness.  The areas reviewed will be the application of non-charging of benefits, your taxable wages as shown on your quarterly tax returns and proper credit of all taxes paid.

Once the various components of the rate notice has been established to be correct, all rate reduction methods such as voluntary contributions and joint accounts will be test checked.  Recommendations will be made when the feasibility for savings occurs.

Corporate and Structural Changes

During the course of business, companies make various changes in their corporate structure.  These changes may occur due to mergers, acquisitions or spin-offs.  Any   changes can have an effect on your unemployment tax rates.  Each state makes regulations that control these changes.  These regulations vary as to the timing of rate changes and the handling of transfers of experience.  Transfers of experience may be full or partial, mandatory or optional or even not permitted.   As part of our full service program, we are in a position to advise you regarding these changes and the establishment of the best predecessor and successor corporation to provide the lowest unemployment tax exposure.