Triton Human Resource Management | Payroll Online Processing

This reference letter provides documentation of the high-level of customer satisfaction my company has experienced since partnering with Triton for insurance and human resource services. After becoming increasingly dissatisfied with our previous agency, we selected Triton from several candidates, and continue to use them, for the following reasons:

> Their ability to aggressively negotiate with insurance companies, helping us obtain the coverage we desire at a price that appears to be reserved for companies much larger than our current level of 150 employees.

>Triton’s management team is very knowledgeable of the insurance industry and of a wide variety of human resource issues; this provides us the confidence to rely on their input when making decisions in these areas.

> Strong administrative support has been provided by Triton during our annual open enrollment and throughout the remainder of the year. Many insurance agents’ administrative departments can not support the promises made by their sales staff which in turn places an undue burden or additional costs on the client. Our company unfortunately experienced frequent billing errors, were forced to make the same requests numerous times and were constantly correcting errors involving employee’s coverage and pay when we were with a much larger agency.

Triton’s professionalism and ethical integrity has been a major factor in our companies success in reducing the administrative burden and costs related to areas of insurance coverage and human resource support. I strongly recommend Triton’s services to others.

Robert A. Lockhart, COO

03/03/2010 – Florida Unemployment Tax - State Legislative Update

Florida Unemployment Tax - State Legislative Update

In response to severe recessionary economic conditions, several states either passed legislative changes in 2009 or had statutory provisions in place that resulted in significant state unemployment (SUI) tax increases for 2010.

Due to unprecedented pressure from the employer community, some states have proposed legislation that would reduce the SUI tax burden to employers of the previously enacted laws. The states of Florida, Indiana and Hawaii have proposed legislation which, if passed, would defer or lessen the significant increases in employer 2010 SUI rates and wage bases. A summary of the enacted 2009 legislation and proposed 2010 legislation in Florida is as follows:

Florida – 2009 enacted legislation increased the taxable wage base to $8,500 (from $7,000) and modified the rate calculation adjustment factors for 2010 – 2014. In 2010, the legislation proposed delays implementation of the wage base increase and changes in the calculation of adjustment factors until 2012. New 2010 rates are expected to be re-issued to all employers shortly after enactment and in time for first quarter filings.

It has become increasingly difficult for employers to anticipate changes resulting from the current economic conditions. The federal government and state workforce agencies are struggling to balance unemployment funding requirements with the immense pressure employers are facing in maintaining and expanding payrolls while managing their businesses in uncertain times.

It is imperative that employers stay abreast of all changes occurring in the federal and state unemployment tax system as there is the potential for direct impact to future rate calculations or to state tax credits to offset federal unemployment taxes. Based on recent state proposals and the impacts to federal unemployment taxes resulting from title XII loans, retroactive unemployment tax adjustments are likely to continue and expand. Employers should be closely monitoring this situation and planning ahead for potential changes.

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