serbufire
Level 1
‎April 21, 2021 12:43 PM

Payroll Tax Rate Change Warning

Our reemployment tax rate went up this year from .0010 to .0321. I am adjusting the rate in QB so that our quarterly forms can be correct, but it gives me a warning about changing a previous quarter. Do I proceed with adjusting it and deal with the effects of it later (such as on the RT-6 form when it puts the incorrect rate) or should I do something specific? I'm not too sure about the solution QB gives when showing the warning. Thank you in advance!

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MadelynC
Moderator
Moderator
‎April 21, 2021 02:52 PM

Other questions

No worries. I have some information to share with you about changing the payroll tax rate in QuickBooks, @serbufire.


Once the new rate is implemented, you need to follow the effective date. This way, your records, and quarter forms are correct. You can continue to make adjustments, but you’ll have to make sure to amend the previous quarter if filed.


I’ve added these resources for additional information about payroll adjustments and how it’s calculated in the program:

 


If you have any other questions with payroll, please don't hesitate to ask. I’m always here to help. Take care!

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