Employment tax strategy and transactions
The moment a company contemplates a merger, acquisition or reorganization, an intricate system of federal, state and local employment tax requirements is triggered. From due diligence to filing returns, opportunities arise to address employment tax costs. And, because most taxing jurisdictions allow businesses to file corrections for prior periods, it is often not too late to look back for savings and refund opportunities after the transaction is complete.
With years of experience in guiding businesses through these transactions, our employment tax team is positioned to provide the employment tax skills necessary in due diligence and in the planning, implementation and post-implementation review of mergers, acquisitions and reorganizations.
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Unemployment insurance claims services
Our unemployment insurance (UII) claims software automates the in-house management of UI claims for timely response to state claims notices, claims tracking, identification and tracking of chargeability, claims hearing management, and UI tax rate projection and verification.
Our software can simplify and help streamline the claims process. Robust functionalities and capabilities provide key insights to help employers manage costs while striving to keep data secure by implementing NIST leading practices. Backed by years of UI claims management experience, our software offers:
- A cloud-based environment can flex and scale to meet capacity needs.
- APIs for real-time access to data for accurate and timely claims verification.
- Flexible design and function, and automation that is designed to help streamline processes and produces efficiencies to better manage costs
- Scalability to meet growing demand and performance objectives
- APIs for real-time access to data for accurate and timely claims verification
- Standardized processes to simplify integrations with other systems and applications
- Transparency into the claims process to help with decision-making and performance evaluation
- Data privacy and security (employee data will only be used for UI purposes)
- Managed services for UI claims through our team of professionals who can confirm and project UI tax rates on your behalf.
Ernst & Young LLP was recognized by the National Association of State Workforce Agencies from 2019 through 2021.
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Disaster relief and recovery services
When the president declares an emergency or major disaster, a series of special tax provisions are triggered, many of them benefiting employees impacted by the event. Our experienced professionals are familiar with the disaster relief tax provisions and, by working with our colleagues in compensation and benefits and exempt organizations, can offer a full range of services for employers needing assistance in understanding the various ways it can assist the workforce and the applicable tax implications.