Help Your Clients Manage State Unemployment Insurance Costs
Working with a third-party administrator’s SUI service can relieve your clients of the time, work and cost associated with unemployment administration.
June 2, 2008
Sponsored by Paychex
State unemployment insurance (SUI) is an employer-funded benefit available to eligible workers who become unemployed through no fault of their own (as determined by state law). An employer’s SUI rate may vary and is based upon wages and employment “experience.” Unemployment insurance is the only behavior-influenced employer payroll tax and as the client’s most trusted adviser, the CPA has a unique opportunity to ensure that each client is knowledgeable in the area of unemployment administration. By partnering with a third-party administrator that provides a SUI service, CPAs can help manage client unemployment costs effectively and make sure all is being done to reduce the amount of unemployment taxes paid. This, in turn, increases the clients’ perception of the CPA’s delivered value.
Preventing just one claim or obtaining credit for erroneous charges can result in business savings. Employers can keep their unemployment costs down by knowing their state’s rules for claim responsibilities and actively managing the areas below:
Signs for consulting opportunities to help your clients with better SUI management techniques include:
Working with a third-party administrator’s SUI service can relieve your clients of the time, work, and cost associated with unemployment administration. Evaluate their current unemployment administration and let them know about the SUI Service in partnership with Paychex.
Paychex’ SUI service includes: claims management, benefit charge auditing, recordkeeping, toll-free support line, management reports, and more. Paychex can also help reduce unemployment compensation costs by checking for erroneous charges, which may lead to a lower SUI experience rating. Paychex takes care of all the required details so clients can focus on more profitable activities to grow their business. For more information on Paychex SUI Service, visit www.paychex.com.
Paychex is proud to be the preferred provider of payroll and retirement plan services for CPAs through the AICPA Business Solutions Program.