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Join CCC at the 36th APA Congress

Corporate Cost Control is honored to support our clients by attending the 36th Annual Congress for the APA May 15-19, 2018 in National Harbor, Maryland. The APA’s premier educational event will be held at the Gaylord National Resort & Convention Center. CCC is proudly located at booth 427.

Are you a current CCC client? Let us know you are coming and check in at the booth for a special gift.

I’m Attending!

The American Payroll Association (APA) is the leading advocate to those in the payroll community with a mission to create the opportunity for education, skills, and resources necessary for payroll professionals to become successful leaders and strategic partners within their organizations. By attending events such as the APA’s Annual Congress, CCC shows our support for the many payroll departments we work with when assisting our clients with Unemployment Cost Control and/or Employment & Income Verification. Register for APA Congress.

CCC’s management team has over 300 years of experience and works with all types of organizations and sizes.  CCC welcomes you to our booth to learn more about how our services can assist your organization.

Contact CCC at 800.207.6926 or mrooney@corporatecostcontrol.com


Unemployment Tax Update

Quarterly Tax Filing – 1st Quarter Now Due!

Each year in April, employers must file their first quarter state unemployment tax returns.  These filings enable merit rated employers to complete their statutory requirement of paying taxes on each employees’ wages.  For some payroll professionals, this may be the first time they see in concrete terms, just how much more or less in taxes they will be paying for the upcoming year.  Generally speaking, if the tax amount due is higher, it may cause an individual to consider how he or she can impact this going forward.   

The amount of unemployment taxes owed is the result of the taxable wages multiplied by the annual unemployment tax rate (UI Rate).  The UI Rate is a computation calculated annually by each unemployment agency and is based on the company’s experience as well as state components.   

State components, such as taxable wage base, rate tables and other factors, are controlled and changed  by the agencies and are often times governed by statute or policy.  Therefore, the employer has no control over this and cannot affect its outcome.  However, the company’s experience in the state is made up of the taxable payroll as well as any benefits paid out for unemployment claims.  Therefore, the more unemployment claims not charged against your account, the better your unemployment tax rate, in most situations.   Considering this is a controllable factor in your rate calculation, careful review of your company and termination policies on a regular basis may help improve the outcome if an individual is terminated and files an unemployment claim.   

Another factor impacting unemployment tax rates is corporate structure changes.  Whenever a change occurs, whether it be a divestiture, acquisition or a corporate restructure, the impact of these changes should be taken into consideration as it relates to the tax rates.  There are strict regulations around the reporting of these requirements and the resulting tax rate affect.  So although a payroll professional may not have a say in whether or not a particular transaction occurs, they may have an opportunity to analyze the impact to help mitigate risk.    

Unemployment tax rates are a fact of life in a payroll professional’s world but they do not have to be something that is troublesome or difficult to understand.  If you have questions about your tax rates, please contact our Tax Director, Wayne Rottger at 800-207-6926  extension 418 or by email at wrottger@corporatecostcontrol.com.     


Guideline

What is Collateral Estoppel and How Does It Apply to You?

Collateral estoppel is a legal term which bars the relitigation of a claim. The term is more commonly referred to as issue preclusion. In layman’s term, collateral estoppel simply means that if a party pursues a case, and then acts to pursue an additional case of similar nature; then the findings of the prior case apply to the 2nd case. In 2018, collateral estoppel has become a hot topic in Unemployment Insurance. On March 13th, the state of Kentucky rendered a decision which can affect UI eligibility disputes. In the decision of Hickey v. General Electric Company, the court reversed a claimant’s UI eligibility based on the Kentucky statute 341.420 (5).

At this time, Corporate Cost Control is doing extensive research into each state’s unique practice of collateral estoppel and the findings will be released at a later date. In the interim, it is recommended that all those directly working with Unemployment brush up on the concept of collateral estoppel per their state of business. Collateral estoppel can affect employers and claimants alike, in any further litigation after Unemployment legal proceedings. It imperative that all active parties attend any Unemployment legal proceedings to determine the most accurate results, in case the findings apply to further litigation.

Look for the results of our study coming later this month!  You’ll be surprised how many changes have occurred across the nation in recent months.

 

Contact CCC to see how we can save your organization time and money. Contact our Sales Team (800) 207-6926

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