The amounts appear on the Pay Taxes page as positive payments due. Review the list of SUI payments on the Pay Taxes page and make a note to yourself of any underpayments you still owe for closed quarters since the effective date of the SUI rate you just corrected. In the left navigation bar, click Taxes > Payroll Tax. To review the adjusted payments that result from the SUI rate correction:.
The effective date is usually January 1st (for example, ), but in some cases it may be at the start of a subsequent quarter (for example,, , or ). Correct the SUI rate and include the effective date of the updated rate.Otherwise, you won’t be able to pay Federal Unemployment Taxes (FUTA) or file Form 940.įor the current quarter, adjustments to SUI payments are applied to your remaining payrolls, so wait until the end of the quarter to determine if correcting your SUI rate has resulted in an overpayment or underpayment for the quarter. You must resolve SUI overpayments and underpayments for past quarters. You must then follow these steps to resolve the adjusted payments with the state agency. If you decrease the rate, you'll have overpayments and will be owed a credit. If you increase the rate, you'll owe underpayments. If you update an incorrect State Unemployment Insurance (SUI) rate, QuickBooks Online Payroll automatically recalculates any payments you've made at the incorrect rate. Resolve SUI payments after you correct the SUI rate Resolve SUI payments after you correct the SUI rate
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