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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

Categories: Strategy & Industry Insights, Unemployment,
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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

Categories: Policy & Regulation, Unemployment,
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Potential tax hike for employers & employees in Ohio unemployment fund proposal

In order to provide support for Ohio’s unemployment-compensation fund, lawmakers have proposed raising taxes for employers and employees. It’s a five-part proposal that would allow the fund to become solvent by 2025, and could allow more unemployed, low-wage workers to become eligible for benefits. The new proposal includes features such as a decline in employer tax Read More