Categories: Strategy & Industry Insights, Unemployment,
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4 Smart & Simple Ways to Lower Your Unemployment Tax

As an employer, you must pay your applicable state and federal unemployment taxes. While each state has their own payroll/wage tax table, the State Unemployment Tax Act (SUTA) and Federal Unemployment Tax Act (FUTA) are expenses most companies just accept as a required cost of doing business. However, you have more control over what you Read More

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One incredibly smart way companies turn their UI tax burden into a benefit

More than half of states allow businesses to voluntarily pay into their state unemployment insurance (UI) fund to lower their tax rate. This “voluntary contribution” is a strategic decision that should be evaluated each year when you review your tax rate notice as there could be substantial savings opportunities. How does a voluntary contribution help Read More

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Who’s on your “SIDES” when an employee leaves?

According to the United Stated Department of Labor, Ohio’s improper payment rate for unemployment insurance is one of the highest in the country. In 2015, Ohio’s improper payments are estimated at a total of $96,802,903. The overpayment of unemployment benefits is actually more common than many people realize. As a Third Party Administrator (TPA) for unemployment Read More

Categories: Unemployment,
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Is a Dropping Unemployment Rate Really a Sign of Economic Recovery?

The Ohio unemployment rate has dropped approximately 2% since last year (October 2013), currently at 5.3%, it was 7.4% a year ago. What does that really mean? We typically associate a dropping unemployment rate as a positive sign that the economy is bouncing back. However, the unemployment rate may not be the best indicator for measuring the strength of the job Read More

Categories: Human Resources, Strategy & Industry Insights, Unemployment,
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Is “Skill Gap” to Blame for Higher Than Necessary Unemployment Rate?

The unemployment rate has been steadily decreasing, it’s currently at 6.2 percent*. It hasn’t dipped this low since August of 2008. So that should mean that businesses are filling positions faster than ever, right? Not quite. The Society for Human Resource Management (SHRM) says employers are experiencing increased difficulty filling positions with candidates that they Read More

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Unemployment Extensions Officially Ending

The latest Unemployment Extension bill failed to pass the Senate this week. The bill would have extended EUC payments, but did not offer a viable solution to how these benefits would be paid. The last week that was payable for any EUC claim was week ending 12/28/13. Claimants that were on the Extensions were encouraged to Read More

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Business Tax Filers Can File 2013 Returns Effective January 13, 2014

The IRS 2014 tax season has begun! 2013 business tax returns are now being accepted as of Monday, January 13, 2014. Business returns include any return that posts on the IRS Business Master File (BMF). BMF returns include a variety of income tax and information returns such as: Form 1120 (corporations) Form 1120S (S corporations) Read More

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What You Need to Know About the “SharedWork Ohio” Program

The “SharedWork Ohio” program gives Ohio employers new flexibility to keep their workforce intact when experiencing a downturn in business. Instead of layoffs, employers can now reduce the numbers of hours worked across their entire workforce. The program is considered a “win-win” for employees and employers. However, as an employer, there’s more to this program Read More

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Reasonable Assurance Season for Schools

Looking ahead to the end of this school year, many districts will be sending letters to their employees giving them reasonable assurance. Employees working under continuing contracts are considered to have reasonable assurance and are found ineligible for unemployment benefits during the summer months as long as their contract is finalized for the upcoming school year and Read More

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February 2013 – Unemployment Numbers Holding Steady

Ohio’s unemployment rate remained steady at 7.0% for February 2013. This is no change from our January rate. Though there was no change from January to February, we remain below the National average (7.7%) and below where we were this time last year (7.5%). Additional info can be found online here.