Procedure to Update State Unemployment Insurance Rate In QuickBooks

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Every year, employers get a review of how much they pay in unemployment taxes. They provide the state updated rates that are used to figure out unemployment payments. These rates are called SUI rates. This normally happens in December or January. The state unemployment insurance rate (SUI) is varying for each company and is based on the state. The state gives a new employer rate for new employers that haven't paid unemployment taxes yet. When the SUI rate goes up or down, the payroll needs to be changed to reflect it. QuickBooks lets users update state unemployment insurance rate in QuickBooks. The procedure for the same is thoroughly explained herein.

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