Unemployment Insurance Audits
Businesses that conduct Unemployment Insurance Audits save roughly $200 million in SUI tax costs annually!
Our audit process determines whether the correct figures were reported by both the state and the client on all official correspondence. If errors are determined, we will notify the client of any potential underpayments and/or risks with the particular reporting, or pursue (until check is received) any overpayment or refunds resulting from state errors.
Why Should Your Business Conduct an Unemployment Audit?
There is an error rate of approximately 40% on state issued tax rate notices to employers
Unemployment costs have recently risen 30-40% across the board
18 states have increased their taxable wage base for 2011
33 states have increased their SUI tax Rate Schedule for 2011
13 states are currently operating at the maximum tax rate schedule allowable by statute
30 states Unemployment Trust Funds are depleted
Unemployment costs have recently risen 30-40% across the board
18 states have increased their taxable wage base for 2011
33 states have increased their SUI tax Rate Schedule for 2011
13 states are currently operating at the maximum tax rate schedule allowable by statute
30 states Unemployment Trust Funds are depleted
Multiple Entities - Multiple E.I.N.'s
Multiple States of Operation
Above Normal Employee Movement
Have You Been Involved in Acquisitions, Mergers or Divestitures
Increased Layoffs
Increased Organic Growth
Multiple States of Operation
Above Normal Employee Movement
Have You Been Involved in Acquisitions, Mergers or Divestitures
Increased Layoffs
Increased Organic Growth
Does Your Business Have . . .
What Information is Required for the Audit?
3 current years of Unemployment tax rate notices (all entities and states where payroll is reported)
Current year and 2 past years of Federal 940's (with attached schedules)
Previous 12 quarters of Unemployment tax payment reports (State Detail-Summary page only)
Any Predecessor Unemployment tax rate notice for year of restructure or acquisition.
Current year and 2 past years of Federal 940's (with attached schedules)
Previous 12 quarters of Unemployment tax payment reports (State Detail-Summary page only)
Any Predecessor Unemployment tax rate notice for year of restructure or acquisition.
Services provided by . . .
