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How Extra Mutualized Rate Impact Ohio Business’ Unemployment Taxes

by JP KraftMay 16, 2017 8:00 AM

Every few years, Ohio business owners may notice unexpected increases in their unemployment insurance rates. At first, they may think that this is an error, but it’s actually part of regularly-scheduled increases called mutualized rates that apply to businesses across the state.

If you’re one of those Ohio business owners, you probably have a few questions, such as “what is a mutualized rate” and “why is Ohio charging me extra every few years?” Those are both very valid questions, so here’s a quick rundown on extra mutualized rates in the Buckeye State.

Image of an Ohio business owner dealing with extra mutualized rates for unemployment taxes.

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Risk Management

Know Your Unemployment Tax Rate

by Alan AtkinsMay 21, 2015 8:00 AM

Many small business owners can tell you in a given day what they are paying for fuel in their fleet of vehicles, how much their labor costs are, what their inventory costs are, etc., etc., but most cannot tell you their Unemployment Tax Rate.

No, it's not because owners don't care about the bottom line. More likely, this is because many business owners do not understand that Unemployment Tax is an expense that can be controlled.

You can save time and money by partnering with a PEO to help manage your unemployment claims risk.

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Risk Management

Are You "Underutilizing" Your Employment Liability Tools?

by Andrew SzczesniakJanuary 27, 2015 7:00 AM

So you have that “bad apple” employee that you have to get rid of. He’s a pain in your side. Your management team spends an inordinate amount of time dealing with him and frankly, his co-workers don’t like him either. Sounds like a no-brainer, right?

Wrong.

When letting an employee go for cause, you need to make sure that you’re protecting yourself from the liability of:

  1. An unemployment claim that will drive your unemployment insurance up, cutting into your margins or putting you in a competitive disadvantage with your competitors
  2. A potential discrimination lawsuit filed by the employee
  3. A possible violation of either the FMLA or ADA that will have the federal government breathing down your back

How do you avoid these pitfalls? As with all things, there’s an easy way and a hard way.

 

Picture of a rotten apple. Think it's easy to fire bad employees? Make sure you're protecting yourself from employer liabilities.

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Risk Management

Patience is Not Only a Virtue, But a Money Saver for Business Owners

by Andrew SzczesniakAugust 12, 2013 10:54 AM

When I was little my mother always told me that “patience was a virtue”. That was always her response when my sister and I would bother her with the all too famous phrase of “Are we there yet?” during our annual family vacation trips. Little did I know that the phrase she would tell us would come in handy down the road in my career and more specifically, in the realm of unemployment claims management.

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Risk Management

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