With the first quarter of 2019 coming to a close, make sure you have the current SUTA tax rate updated in your QuickBooks file. This can be done in October of the prior year; however, this is often overlooked.

In the QuickBooks file, click Lists (top menu bar), Payroll Item List. Once in the list, scroll down to the state unemployment item. Double-click the item and click Next two times. This will bring you to the Company Tax Rates for 20XX window. Enter the tax rate for the current year, click Next until you can click Finish. In October each year there will be an additional field for the 1 st quarter of the next year.

The State of Wisconsin Department of Workforce Development (DWD) sends the new tax rate notices during October.

Minnesota Unemployment Insurance sends its tax rate notices at the end of November or beginning of December.

Both states offer the option to potentially lower this rate. Wisconsin has a voluntary contribution and Minnesota has a tax rate buy down option. Contact your (or one of our) payroll professional to find out more.

If you are unsure of what your rate is:

Wisconsin

Log into the website and follow steps below:

https://unemployment.wisconsin.gov/SUITESPortalWelcome/EmployerPortalWelcome.aspx?target=TaxWageFilingInfo.aspx.

Once logged in:
1.)  click on View/Update Account at the top
2.)  then click on View Rate Summary

Minnesota

Log into the website and follow steps below:

https://www1.uimn.org/ui_employer/employer/login.do

Once logged in:
1.)  click Account Maintenance on the left
2.)  then click View Tax Rate Determination

This screen will provide the current tax rate for Minnesota employers.

 

Written by: Jodi Burton, Quickbooks Online Certified ProAdvisor

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Monica Hauser
I joined Hawkins Ash CPAs in 2002 and became a firm partner in 2012. I am partner-in-charge of the La Crosse office where I specialize in audit services for housing authorities, municipalities and school districts. I am also a member of the firm’s Governmental Service Group, HUD Services Group and Executive Committee.

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