Does your organization qualify for UST?
- Is your organization a 501(c)(3)?
- Do you have 10 or more employees?
- Have you had a reasonable history of unemployment claims?
If you said “Yes” to the above, you most likely qualify for participation. Find out for sure today.
Do you currently participate in the state unemployment tax system?
A federal law enacted in 1972 entitles 501(c)(3) organizations to opt out of their state’s tax-rated unemployment system and become a direct reimbursing employer. For most nonprofit employers, this represents a substantial savings. As a reimbursing employer, your organization only pays dollar-for-dollar for those benefits paid out to former employees. However, becoming a direct reimbursing employer on your own presents your organization with a couple of challenges:
- Paying for claims immediately as they occur
- Monitoring claims for inaccuracies
If your organization has 10 or more employees, UST help can help you handle both, while saving you 25% or more on your taxes.
Is your organization already direct reimbursing?
If you have 10 or more employees and have had a reasonable unemployment claim history, UST can help your organization, too! UST can monitor your claim activity, help with cash flow management and conservatively invest assets—which can all lead to significant savings to your organization.