Exercising Your Organization’s Tax Alternative Could Save It Thousands
Organizations recently received their first quarter unemployment tax notices from their states. Did this make you wonder about the gap between what your organization pays in taxes and you’re its former employees actually collect in unemployment benefits? Last year, after evaluating more than 185 eligible nonprofit organizations, UST found they were losing a combined $4,781,957.
By federal law, 501(c)(3) nonprofits do not have to pay state unemployment insurance taxes. Endorsed by Alliance for Strong Families and Communities since 2014, UST helps organizations keep more money in the nonprofit community without compromising the benefits paid out to deserving former employees.
More than 2,200 organizations already benefit from a safe, cost-effective way to exercise their unemployment tax exemption and lower the hidden costs of human resources like hours spent filing paperwork.
If your organization is a tax-rated employer (or already direct reimbursing), complete a brief unemployment cost analysis online, and UST will determine whether you can save valuable time and money with its program. If you are currently overpaying, a UST cost advisor will provide you a custom two-year savings projection for free.
It only takes about 15 minutes to complete the form, and UST participants often see savings of up to 60 percent. Enter Priority Code: 2017ACF-E to expedite your analysis.
When organizations join UST, staff are introduced to their dedicated unemployment claims advisor, and receive access to a live human resources hotline and nearly 300 employee training courses within 48 hours.
UST is a Preferred Trusted Partner of the Alliance.
Learn more about the Alliance's Trusted Partner Program.
For more information about the Trusted Partner Program, contact Tracy Greymont, relationship manager at the Alliance.