Help Reducing Your Unemployment Claim Liability

Terminating or implementing a reduction in force (RIF) is never desirable. However, for a number of reasons this does happen and is an unavoidable necessity. Unemployment Insurance Claims (UI Claims) can have a negative impact on your business if left unmanaged. UI Claims can result in your business experience being reassessed and can cause an increase in your tax rate. Luckily, there are a number of things you can do to manage and help reduce your unemployment claim liability. Here are a few tips to help you navigate this aspect of your business: Pay Attention to ‘Notice to Base Year’ Employer Forms Notice to Base Year Employer Forms come across like a courtesy notification requiring no response. It comes with no form to fill out, and no questions to answer. For that reason, many employers miss this opportunity to manage its impact on their business. In essence, the Notice to Base Year Employer is informing you that a former employee has separated from the employer they had after you, and you are being included in the claim as a “base year employer.” What this means, is that your business can be charged a percentage of their unemployment, sometimes this can be as high as 100 percent. This charge will be automatic unless you respond within 30 days. Even though it comes with no questions, what you need to provide is the same information you would on a Separation Statement; when that employee worked for you and their wages. You can then send this as a letter, fax it, or simply write it on the form someplace and send that...

Unemployment Solutions For You Joined EY on May 20, 2022.

The information on this website is accurate through May 20, 2022. It has not been updated to reflect the transaction.