New York offers employers the opportunity to reduce 2017 state unemployment insurance (“SUI”) tax costs. This may be accomplished through:
- Forming a Joint Account. A NY joint account combines two or more of your SUI tax accounts to achieve a lower overall tax cost for 2017.
- Making a Voluntary Tax Contribution. A NY voluntary contribution allows you to “buy down” your 2017 SUI tax rate by pre-paying a portion of your tax liability.
- Making a Special Tax Payment. If your 2017 NY SUI tax rate has a code “E” in the upper right corner, you may be eligible to reduce your tax liability for 2017 and future years.
With copies of your 2017 NY unemployment tax rate notices, Equifax can assist in identifying these time sensitive opportunities. For more information, please contact Pete Krieshok at (314) 214-7325 or via e-mail at firstname.lastname@example.org. Please let us know if you have interest and would like to discuss in greater detail prior to the March 31st deadline.