Santa Barbara, Calif. (PRWEB) February 06, 2013
Unemployment Services Trust (UST) is pleased to announce new partnerships with the New Hampshire Alcohol & Other Drug Service Providers Association (The NH Providers) and the Florida Alcohol & Drug Abuse Association (FADAA). Joining forces to offer operating expense reductions to nonprofit alcohol & drug service providers in both New Hampshire and Florida, agencies associated with these organizations will now have greater access to reduced unemployment costs and long term savings.
Each partnership will allow organizations with a 501(c)(3) tax designation to better take advantage of a 1972 federal law that allows nonprofits to opt out of the state unemployment tax system. By paying only the dollar-for-dollar cost of unemployment benefits paid to former employees, most nonprofits that opt out of the state system see a significant reduction in their annual unemployment costs.
These partnerships will provide a multitude of benefits to alcohol and other drug service providers seeking to preserve their funding while also allowing them to do more for those that they serve.
About the NH Providers: Founded in 2003, the NH Providers Association seeks to advocated, facilitate and enhance communication with funders, policy makers and the public to support its members’ efforts to offer high quality substance abuse prevention, treatment, intervention and recovery support services. Visit http://www.TheNHProviders.org to learn more.
About FADAA: Incorporated in 1981, FADAA seeks to represent members in advancing addiction treatment, prevention and research through public policy leadership, communications, professional development and quality member services. Visit http://www.FADAA.org to learn more.
About UST: Founded by nonprofits, for nonprofits, UST is the largest unemployment trust in the nation, providing nonprofit organizations with a safe, cost-effective alternative to paying state unemployment taxes. UST has partnered with nearly 80 nonprofit-based associations to teach their members about their unemployment insurance options. Visit http://www.chooseUST.org to learn more.