Unemployment Tax Planning

Manage employment tax liabilities, recover overpaid taxes, and minimize your compliance risk.

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The benefits of NSN’s Unemployment Tax Services

  • Work with partners that bring hundreds of years of combined experience in corporate taxation to maximize your tax savings.
  • Reduce State Unemployment Insurance (SUI) taxes with effective joint account analysis and planning.
  • Get comprehensive and custom-tailored support based on your business’ unique needs.
  • An All-Inclusive State Unemployment Tax-Planning Solution

    It’s no doubt that state unemployment taxes are one of the most complex elements of corporate taxation in the United States. But have no fear, because with NSN, you will have all your bases covered. Our experienced consultants will perform an in-depth audit and review of your company’s structure, and create a plan that follows best practices and achieves optimal tax savings.

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    Knowledgebase

    Frequently Asked Question

    Frequently Asked Question

    There are several savings techniques permitted by states to lower your unemployment tax rates. Account Audits, Voluntary Contributions, Joint Accounting, and Tax Planning for Mergers and Acquisitions (M&A) Events will be analyzed for every entity and throughout the year. All efforts are made to maximize savings and minimize cost.

    There are 11 states that permit Joint Accounting, which is the combining of rating experience of commonly-owned entities. Voluntary Contributions, the process of paying into your reserve balance to move to a more favorable rating calculation, are allowed in 26 states. It is similar to buying points on your mortgage.

    Yes. We can provide tax-rate forecasts for each active entity for the following year. We use all information available to give you an educated forecast of where your tax rate is headed next year. Utilizing the most up-to-date state legislation and your entities prior year’s tax-rating experience, we project your tax cost.

    Yes. This is where proper unemployment tax planning is crucial. We can advise during the entire process and project the unemployment cost associate with the acquisition. We will analyze the type of transfer, asset or stock, and assure you are 100% compliant during the entire process. After reviewing the cost and ensuring compliance, we will secure any possible savings that may be available during the M&A event. This is where our expertise will provide a bottom-line value to the client.

    You will have a dedicated account team that will be available 24/7. The team will be led by your Account Executive (AE) who is the overall relationship lead and your single point of contact. All discussions and questions can begin with your Account Executive. Your AE is supported by our Tax Director, Assistant Tax Director, and your lead tax analyst.