Unemployment
Tax Management Services

Every year, tax rate notices are issued and, if an error occurs by a state agency (or multiple), your company could pay thousands more in unemployment taxes than you should. Our dedicated tax team reviews every unemployment tax rate notice, assessing your taxable wages, benefit charges, and (if applicable) reserve account balance against state records, uncovering errors, and filing rate appeals on your behalf. We can also help you in planning for the future by forecasting unemployment tax rates for the following tax year.

In states that allow options to reduce your overall unemployment tax burden, our team evaluates your unemployment accounts and makes relevant recommendations. From paying down your unemployment tax rate(s) through voluntary tax payment(s) to assisting with the formation of beneficial joint unemployment tax accounts, we help you maximize your tax savings each year.

Tax reporting requirements for statutory mergers, acquisitions, reorganizations, and divestitures are complex and vary by state. If the transaction is not disclosed or an error is made in reporting these changes, this can result in penalty tax rates, unemployment tax penalties and interest charges, or missed unemployment tax saving opportunities. Thomas & Company removes the burden from your payroll department by working directly with state agencies to ensure the transaction and unemployment tax rate transfers are processed timely and accurately.

We can also provide additional value and savings by reviewing your payroll tax account history, identifying areas that need attention, as well as assisting with timely communication of business changes and updates. Services include:

• State and Local Withholding Tax Account Registration Services
• State and Federal Tax Recovery Services
• Corporate Officer Updates
• Corporate Name and Mailing Address Change Notifications
• IRS Tax Issue Resolution
• IRS Representation Services
• Merger and Acquisition Year-End Reconciliation
• Common Pay Agent Services

Whether correcting a wage base restart or helping remove erroneous unemployment penalty rates or other erroneous tax assessments, penalties, or interest, our team has secured millions in refunds and eliminated administrative burden for our clients.

Payroll for today’s diverse and mobile workforce can be a complex task for businesses. We often see IRS and state agency documents notifying employers about accrued penalties, interest, and even property seizure, due to noncompliance. It can be costly to recover from noncompliance, which is why our newest Multistate Payroll Tax & Compliance Tools provide subscription-based access to the latest in payroll compliance information.