Nonprofits that understand all of the options available to them for funding unemployment benefits are better positioned to keep costs low, dispute improper claims, and free up already available funding.
Santa Barbara, CA (PRWEB) December 12, 2013
Unemployment Services Trust (UST) is pleased to announce the second edition of Unemployment Cost Savings Just for Nonprofits, a cost savings guide written exclusively for nonprofit organizations. Underscoring the importance of careful fund management the cost savings guide provides expert advice on how to reduce the cost of unemployment. Through guided prompts and easy-to-understand comparisons of the various options legally available to 501(c)(3) organizations, downloaders can examine whether or not they could save up to 60% on their unemployment tax costs—paving the way for mission advancement.
"Nonprofits that fully understand all of the alternative options available to them for funding unemployment benefits are better positioned to keep costs low, dispute improper claims, and free up already available funding for new programs, better outreach, and advanced mission development," explained Donna Groh, Executive Director of UST. "I’d encourage any nonprofit organization that hasn’t recently benchmarked their unemployment cost experience to download Unemployment Cost Savings as a first step to ensuring the route they are taking is best for their organization."
The guide reveals how to:
- Only pay for your own unemployment claims, instead of a pooled state tax rate, saving nonprofits up to 60%.
- No longer subsidize other employers’ claims.
- Get refunds based on your organization’s individual unemployment experience.
- Alleviate administrative burden and paperwork.
- Receive expert representation at claim appeal hearings.
- Get access to stop-loss protection.
UST provides its members with educational content on an ongoing basis. Often focusing on unemployment costs, claim management methods, HR-related procedures, and relative case studies, UST’s informative materials are designed to help nonprofits save money and build resiliency.
Founded by nonprofits, for nonprofits, UST is the largest unemployment trust in the nation, providing nonprofit organizations with 10 or more employees a safe, cost-effective alternative to paying state unemployment taxes. Visit http://www.ChooseUST.org to learn more.