August 19, 2014
Nonprofit organizations in Arizona have an exciting opportunity to learn about alternatives to paying state unemployment tax (SUTA) that provide more insight and control over the money used to compensate jobless claims. The free online seminar will help 501(c)(3) charitable groups, tribal enterprises and government agencies understand how they can reduce the costs of handling unemployment claims without compromising their ability to fully fund this legally mandated requirement. Educational information about the development of the current unemployment climate in the state, changes to rates and calculations and more will be available. The free webinar, hosted by First Nonprofit Group and the Alliance of Arizona Nonprofits, will take place from 10 to 11 a.m. on August 27.
Arizona has dealt with especially high increases to such taxes since the Great Recession. Although the economy has certainly recovered in recent years, the Arizona Department of Economic Security had to cover the rise in unemployment claims during the Recession by borrowing from the federal government. In order to pay back the state debt and replenish the unemployment fund, the metrics used to calculate employer unemployment rates were raised significantly. Because of this change, the average unemployment tax cost per employee rose an incredible 77 percent in Arizona from 2009 through 2014. Additionally, a change to the unemployment wage base could lead to the average unemployment tax cost per employee to reach $354 – up from just $165 in 2013.
The benefits of attending
Beyond an in-depth informational session on SUTA and associated cost increases targeted specifically toward the unique needs of nonprofits, alternatives to these increasingly expensive contributions will also be discussed. First Nonprofit Group offers a variety of solutions that help such organizations manage their unemployment obligations in a much more cost effective manner. Attendees will also receive a copy of a "Ten Things" series for nonprofit boards booklet, from First Nonprofit Foundation.
There are plenty of advantages to be had by nonprofits of all sizes and shapes from learning about changes to Arizona's SUTA fund and how they can keep their unemployment costs low. To learn more, and to sign up for this free webinar, interested nonprofits can follow this link to the registration page.
For information on how your organization can cost-effectively meet its unemployment insurance needs, contact First Nonprofit Group at FNCUI@firstnonprofit.com or visit www.firstnonprofitgroup.com.
NYCON members who use First Nonprofit’s programs enjoy enduring savings and improved efficiency. Our association knows that success, because from the beginning, we achieved the same great benefits. Great savings, seamless technology, and responsive service. NYCON highly recommends First Nonprofit’s remarkable unemployment solutions.
We were introduced to First Nonprofit through another housing authority. In our analysis and comparison to what we were paying the State, our first year savings was $5,800 plus. We have been with them since the end of 2008 and I am glad we have been. I consider them an arm of our HR department.
Because INCS advocates for the operating conditions that allow charter public schools to provide high quality public education, partnering with First Nonprofit was an easy decision. First Nonprofit’s unemployment programs provide our member schools two operating elements crucial to their ability to provide high quality public education: savings and budget certainty. Capable, committed teachers are the key to student success. By participating in the unemployment insurance savings plan, charter public schools gain peace of mind and are able to invest more money in their teachers.
Throughout our membership in the Unemployment Savings Program, First Nonprofit understood our demands, community dynamics, and the importance of seamless services; that allowed us to serve our constituents better.