Cain
Consulting
Group Inc.
Consulting
Group Inc.
| Opt out of your State Unemployment Tax program. As a non-profit, you have the right to not pay State Unemployment Insurance Tax(SUI). The alternative is to pay the actual unemployment claims requested by your previous employees. Because non-profits typically pay more than $2 in (SUI) for every $1 they get back from the state, implementing this strategy could save your non-profit thousands of dollars each year. For specific information about unemployment taxes for 501(c)(3) organizations, consult an attorney or tax advisor. |