Did you know that many employers’ unemployment insurance costs
have tripled in the last year? U.C. Consultants helps companies reduce
these unemployment insurance costs. Let us show you how.
Our unique UC7 Process is designed to effectively move clients from overpaying
unemployment insurance to paying only what is absolutely required and
obtaining refunds for amounts previously overpaid.
A little history helps understand the system. State Unemployment Insurance
(SUI) began in 1935 in response to the Great Depression. Unemployment
laws were intended to provide short-term income for people who are out
of work through no fault of their own and are able and available for work.
Benefits are not intended for people who voluntarily quit, are discharged
for misconduct, retire or otherwise withdraw from the workforce. Employers
pay a payroll tax quarterly into an unemployment insurance account. When
a claim is made, the state government withdraws the payments from this
account. In most states, the amount your company pays is based on state
law and the ratio of benefits paid to taxes paid.
Accordingly the premiums paid depend on the State’s records and
interpretation of your company’s experience. It is a fact that state
governments are only required to report to the Federal Government overcharging
for unemployment insurance when “mistakes” exceed 18.5 percent?
SUI taxes are charged according to the amount paid each employee quarterly
times a tax rate. In Tennessee, for example the SUI tax rate can be as
low as 0.3% and as high as 10% of the first $9,000 paid in annual wages
for each employee. A single improperly handled employee termination can
take an employer from one tax rate to the next higher rate. In Tennessee
this would cost a 1000 employee company that was paying a 4% rate $90,000
or more if the rate went up to 5%.
Many employers never challenge what the State says. Since 1979, U.C. Consultants
has a set of services working with state governments and employers that can typically reduce taxes by more than
50 percent. These services combine audits of taxes paid, claims management,
supervisor/manager training with customized reporting and consulting.
An estimated $100 billion in available tax credits were not
used by businesses due to the complexity, time, cost and knowledge it
takes to comply with these programs. Another UC Consultants service applies
for these tax credits on your behalf.
With coverage in 50 states, Puerto Rico and the U.S. Virgin Islands,
U.C. Consultants offers experience, technology, cost savings and our personal
guarantee. We guarantee that the annual aggregate savings realized from
claims and tax cost reductions will be substantially greater than your
annual investment in our service…or our fee shall be adjusted to
the amount actually saved. It’s a no risk proposition.
Bottom line, we save you money. Period.
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