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kate22
Level 1

How do I tell QuickBooks I don't have to pay MN Unemployment Taxes?

We are not are not subject to Minnesota Unemployment Insurance tax. How do we state this in QuickBooks?

Details: According to MN Law §268.035, Subd.20 (29), corporate officers owning 25 percent or more of a corporation directly or indirectly through another legal entity such as a subsidiary or holding company are not subject to Minnesota Unemployment Insurance tax.

https://www.uimn.org/employers/wages-taxes/owner-officer/index.jsp
3 Comments 3
SarahannC
Moderator

How do I tell QuickBooks I don't have to pay MN Unemployment Taxes?

Hello dear, kate22.

 

To sort this out, we can go to the Payroll Settings and change the rate to zero. Here's how:

  1. Go to the Gear icon.
  2. Select Payroll Settings under Your Company.
  3. Under Taxes select State Taxes -MN.

 

Also, we'll need to uncheck the MN in the employee set up. Here are the steps on how you can do it:

  1. From the left panel, click Workers.
  2. Select the Employees tab and click the Edit icon next to Pay.
  3. In the second box, click the Edit icon and uncheck MN under Tax exemptions.

 

Visit here again if you have more follow -up questions. Have a good one! Take care!

kate22
Level 1

How do I tell QuickBooks I don't have to pay MN Unemployment Taxes?

Hi, 

I went to the Employees tab, but I don't see an Edit icon or indeed, the word Pay, separately, on the page anywhere. Can you please clarify? Is there another way to get to this? It's not clear.

Thank you!

Ashley H
QuickBooks Team

How do I tell QuickBooks I don't have to pay MN Unemployment Taxes?

Hello, @kate22. Thanks for your response.

 

No worries, I'm here to explain how you can edit your Employee's information. Here's how:

  1. Go to Workers on the left-hand menu, then Employees.

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       2. Click on the Employee's name to view their profile.

 

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       3. In Employee details, navigate to the Pay tab. Press on the pencil icon to edit the tax information.

 

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       4. Locate Section 2: What are [employee]'s withholdings? then hit the pencil icon. This is where you can edit their tax information.

 

That's all there's to it!

 

Let me know if you have further questions. I'm here if you need anything else. Have a safe and productive week!

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