This article explains SUI and how to change your SUI rate in QuickBooks Desktop. To know more about SUI call QuickBooks Payroll Support.
Some facts about SUI
• Rate is issued by your state and unique to your business.
• The Current Rate that you enter is critical in QuickBooks Desktop and is not the part of the tax table.
• It is paid by the employer in most of the cases, though in some cases it is also requires contribution by the employees.
• The SUI wage base limit is updated according to your state's requirements by the tax table. It cannot be manually changed.
• States such as New Jersey, Vermont and Tennessee, update their SUI rates in the third quarter of the year, whereas other states update their rates in the beginning of the year.
• The majority of states attach a surcharge or assessment to State Unemployment is attached by a majority of states to ensure that you have entered the correct percentage of rate for the SUI portion.
To change your SUI rate in QuickBooks Desktop:
• Click on Lists and select Payroll Item List.
• Double-click on the State Unemployment Tax item, which is typically named: [name of the state abbreviation] - Unemployment Company.
• Select Next and choose Next for the Company tax rates for [enter the year].
• Now, enter the correct rates for each quarter.
• You may get a popup message reminding you regarding Payroll Tax Rate Change Warning as soon as you enter the correct rates. Click on Continue to update your SUI rates.
• Now, to clear any compensation items which are not subjected to your state's unemployment tax (To know more details check with your state's unemployment department).Select next.
• Click on Next and select Finish.
Create a Payroll report to determine the numbers, if you need to adjust SUI wage bases and/or amounts reported for your employees. Follow the steps given below:
• Click on Reports, select Employees & Payroll and then choose Payroll Item Detail
• To view each specific (affected) quarter, set the date.
• To customize click on Customize Report button and then select the following:
1. Date
2. Source Name
3. Payroll Item
4. Wage Base
5. Amount
• Click on the Filters tab present under the filter select Payroll Item from the list.
• Click on the down arrow present under payroll Item, choose your State Unemployment item.
• Click on OK.
• Now, look at the total wage base column for the SUI and multiply it by your current rate.
• Match your results with the calculated amount.
To know more about SUI call QuickBooks Payroll Support on 1 (855) 441 4436.
Some facts about SUI
• Rate is issued by your state and unique to your business.
• The Current Rate that you enter is critical in QuickBooks Desktop and is not the part of the tax table.
• It is paid by the employer in most of the cases, though in some cases it is also requires contribution by the employees.
• The SUI wage base limit is updated according to your state's requirements by the tax table. It cannot be manually changed.
• States such as New Jersey, Vermont and Tennessee, update their SUI rates in the third quarter of the year, whereas other states update their rates in the beginning of the year.
• The majority of states attach a surcharge or assessment to State Unemployment is attached by a majority of states to ensure that you have entered the correct percentage of rate for the SUI portion.
To change your SUI rate in QuickBooks Desktop:
• Click on Lists and select Payroll Item List.
• Double-click on the State Unemployment Tax item, which is typically named: [name of the state abbreviation] - Unemployment Company.
• Select Next and choose Next for the Company tax rates for [enter the year].
• Now, enter the correct rates for each quarter.
• You may get a popup message reminding you regarding Payroll Tax Rate Change Warning as soon as you enter the correct rates. Click on Continue to update your SUI rates.
• Now, to clear any compensation items which are not subjected to your state's unemployment tax (To know more details check with your state's unemployment department).Select next.
• Click on Next and select Finish.
Create a Payroll report to determine the numbers, if you need to adjust SUI wage bases and/or amounts reported for your employees. Follow the steps given below:
• Click on Reports, select Employees & Payroll and then choose Payroll Item Detail
• To view each specific (affected) quarter, set the date.
• To customize click on Customize Report button and then select the following:
1. Date
2. Source Name
3. Payroll Item
4. Wage Base
5. Amount
• Click on the Filters tab present under the filter select Payroll Item from the list.
• Click on the down arrow present under payroll Item, choose your State Unemployment item.
• Click on OK.
• Now, look at the total wage base column for the SUI and multiply it by your current rate.
• Match your results with the calculated amount.
To know more about SUI call QuickBooks Payroll Support on 1 (855) 441 4436.
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