Satisfying State Unemployment Insurance (SUI) Responsibilities with Minimal Risks and Costs
Nonprofit, governmental, and tribal entities can choose to cover their mandatory unemployment costs in one of two ways: Paying the State Unemployment Insurance (SUI) tax or through reimbursement financing (self-insurance). This financing method is a legal right available only to these organizations to opt-out of paying SUI and reimburse their state unemployment agency dollar-for-dollar for unemployment claims paid only to their former employees. Opting out of SUI can save money but this option does subject organizations to potential risks such as unexpected loss of funding or program closures that can lead to layoffs. First Nonprofit offers safe alternative programs to paying SUTI and self-insurance.
Last Chance to Save on 2019 State Unemployment Insurance (SUI) taxes with First Nonprofit
- Has your nonprofit received your state unemployment 2019 Notice of Employer’s Contribution Rate from the Oklahoma Employment Security Commission?
- Did you know that 501c3 nonprofit organizations can opt out of paying SUI taxes?
- The state only allows nonprofits to opt out once a year - Oklahoma's deadline for 2019 SUI taxes is January 31, 2019.
Oklahoma Center for Nonprofits’ partner, First Nonprofit, can provide a free, no obligation evaluation of your organization’s unemployment costs to determine if opting-out of SUI taxes and enrolling into their unemployment programs is the most cost effect method for your nonprofit. Nationally, more than 2,000 organizations rely on First Nonprofit’s programs to reduce, manage and safeguard their budget from uncertain unemployment insurance expenses.
Click here to request your organization’s evaluation. Request your evaluation by January 17, 2019 and save 50% off your enrollment fee with First Nonprofit! Start your due diligence now so that you’re all set by the January 31st deadline.
Download this important information: "Unemployment Insurance for nonprofit organizations".
To learn more about how your nonprofit can save on unemployment taxes contact Beth Quynh, Regional Sales Director, firstname.lastname@example.org, 214-360-2447, and mention you are a member with the Oklahoma Center for Nonprofits.