By performing an audit of your existing and past unemployment accounts, we can determine that all taxes were paid properly. We typically find that companies involved in prior reorganizations, acquisitions, divestitures, etc. have not properly utilized the tax laws and special tax credits or provisions to their full advantage. Over the past two years we have recovered over $22 million on behalf of clients.

Many companies may not be familiar with the federal and state laws regarding the employee wages that are subject to taxation for both federal and state unemployment programs. Our employment tax research and recovery service reviews the manner in which your company has historically reported employees for SUI, FUTA, and FICA purposes, obtains any refunds due, and makes recommendations on future saving opportunities.

The following areas of employment taxation are reviewed with respect to past mergers, acquisitions, reorganizations, and divestitures:

• Review wage base continuations on SUI, FUTA, and FICA on past transactions.
• Audit predecessor unemployment tax history.
• Identify past unemployment rate assignments.
• Determine reserve balance transfers that are outstanding.
• File any outstanding unemployment tax paperwork on past acquisitions, mergers, or reorganizations.
• Monitor state responses to corporate changes.
• Confirm combined unemployment tax rate calculations.
• Apply for refunds and or credits.

Once the analysis is completed, we will prepare a written summary of our findings and recommendations, submit the necessary paperwork for any refunds due, and follow-up with state and federal agencies until all issues are resolved.