How do I enter .0013 for my new state unemployment rate as a percentage to calculate the taxes correctly?
Sorry, just confused here..... :-0
Solved! Go to Solution.
Hi there @Patti59
I get how confusing converting decimal numbers to percentages can be. I'm here to help.
I always use a decimal to percentage calculator to make sure that I'm converting correctly. There isn't a specific one necessarily, I just do a search to find one.
In this case, your new state unemployment rate of .0013 works out to .13%.
Now you can update your State Unemployment Insurance rate:
Sign in to QuickBooks Online.
You're all set! Let me know if you have any other questions about updating your SUI or anything else. I'm happy to help anytime!
Hi there @Patti59
I get how confusing converting decimal numbers to percentages can be. I'm here to help.
I always use a decimal to percentage calculator to make sure that I'm converting correctly. There isn't a specific one necessarily, I just do a search to find one.
In this case, your new state unemployment rate of .0013 works out to .13%.
Now you can update your State Unemployment Insurance rate:
Sign in to QuickBooks Online.
You're all set! Let me know if you have any other questions about updating your SUI or anything else. I'm happy to help anytime!
Thank you very much MonicaM3!
I am using quickbooks desktop versus the online, so I went to my payroll item list and changed the rate there.
It says quickbooks will attempt to catch up if I have already created paychecks in this quarter, which I have.
Hope this is correct? It would be nice if the state of Florida would send you the new rate before January 1 so my payroll reports would be correct. Not sure if I will need to do adjustments or if quickbooks will correct going forward?
Thank you for your help on calculating the percentage rate. :-)
Happy to help @Patti59!
Most states tend to get new SUI rates out late. You're right, it would make it so much easier if they could get them out before the new year.
Since this is a frequent occurrence, our payroll teams and processes are really great at getting liabilities caught up. If you have our full service payroll subscription, where we pay and file your taxes, we'll get the adjustments made.
If you pay and file your own payroll taxes, you should get a notification when processing payroll asking if you'd like to make those adjustments.
Once you've processed your next payroll or two, if you have any questions or don't see any adjustments, let me know. I'll see what I can find for you.
Thanks for being part of the Community!
I do pay and file my own payroll taxes so I will look for a notification regarding the adjustments.
I'll contact you if I don't see that in two weeks. Thanks again! You've been very helpful!
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