In companies today, ownership of employment tax is commonly fragmented across many job functions and departments; it also tends to be overlooked from a planning perspective. This typical structure during a transition event makes the potential for overpayment - or underpayment (a more serious issue in today's rigid enforcement environment) - extremely high.
Over the years, our Employment Tax Specialists team at UCM Plus has worked on over 1,000 mergers, acquisitions, consolidations, and other events with changes of legal entity. Our "M&A Employment Tax" work has helped our clients ensure compliance, while creating millions of dollars in savings for them and dramatically reducing their internal resource needs. All of our work is done in a proactive fashion where we remove the burden of the issue from the client and take ownership of the most effective and tax-optimized solution.
Our Employment Tax Services fall into 3 main areas, distinguished by the time of transaction and circumstances.
"MACS" Mergers and Acquisition Consulting Services
Our MACS program works with employers at the time of transaction / transition to ensure compliance, employment tax optimization, liability control, and reduction of internal resource needs. This program is performed on a fixed-fee basis determined by the number of legal entities involved, type of transaction / transition, and employee migration plan. MACS is used on an ongoing basis by some of America's most well-known corporate acquirers and financial sponsors.
"STAR" Statutory Account Review
Our STAR program works with employers to evaluate transaction / transition events from prior years to identify open reporting / compliance issues as well as potential employment tax refund / savings opportunities that were not addressed at the time of transaction. The contingency-based STAR program is not only beneficial for employers with transaction / transitional events; it is also appropriate for any employer with over 500 employees as this review also performs an "overall" employment tax account analysis that establishes an "employment tax health baseline" and often finds embedded over-payments eligible for refund recovery.
"ETC" Employment Tax Consulting
During the course of our transaction / transition work, we find areas of potential client exposure, potential process improvement, and/or address specific technical needs. Working on a fixed-fee or hourly basis, our team of employment tax experts provide a wide range of solutions to help ensure our clients' compliance as well as tax optimization.
Please contact us for more information about how our Employment Tax Services may be able to generate savings for you.
