Upcoming Webcast – The Prevention of Overpaid Employment Taxes
Join us to hear the Equifax employment tax consulting team discuss methods to secure refunds of overpaid employment taxes.
The intricacies of the tax laws can create situations where employers overpay employment-related taxes. The team will guide you through some of those intricasies. They’ll also provide insights on steps you can take to recover overpayments. The steps they’ll explain include:
- Rate Revisions (SUI)
- Wage Base Restarts (FICA, FUTA, and/or SUI)
- Use of Out-of-State Wage Credits (SUI)
- Multi-State Reporting or “Sourcing” of Wages (SUI)
- Time Limits on Seeking Refunds (FICA, FUTA, and SUI)
The types of overpayments addressed in the webcast include social security (“FICA”), federal unemployment (“FUTA”), and state unemployment insurance (“SUI”). Many of these overpayments can be created without your knowledge or due to circumstances beyond your control.
Employers that engage in M&A activities (mergers, acquisitions, reorganizations, divestitures, and internal employee realignments) or that have employees regularly crossing state borders to perform their job functions are particularly susceptible to employment-related tax overpayments. FICA and FUTA overpayments can be significant; however, SUI tax overpayments come in many forms and can often be avoided by taking advantage of unique SUI tax laws.
The webcast will be particularly valuable to payroll, human resource, tax, employment tax, and unemployment tax professionals concerned with tax costs. In addition, for those who are members of the American Payroll Association and are Certified Payroll Professionals, you can obtain RCH credits by attending.
Successful execution against these methods can mean near-term cash flow benefits. Be a hero within your organization! Register early to reserve a seat.
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