Today is January 1, 2010... Happy New Year!

QuickBooks users who use QuickBooks to do their payroll often have a daunting question this time of year. The question is, "How do I change the percentage of my SUTA payroll item?" This is a logical and important question. Assuming your rate has changed for 2010 (and many businesses SUTA rates have changed as a result of the economy and these businesses having to lay employees off), ideally you want to change this percentage before your first 2010 payroll. Therefore, now is the time to make this change.

How will you know if your rate has changed? Typically, within the November/December time frame, your Employment Security Commission (ESC) would have mailed you a letter indicating what your new rate would be. If you don't recall receiving such a letter (or perhaps you have misfiled this letter), call your ESC and request (a) your new rate, and (b) that a letter be resent via mail, email or fax.

So, how do you go about changing your rate within QuickBooks? The step-by-step instructions can be found here: Changing the Percentage of SUTA Payroll Item

After watching, if you still have questions about this topic or any other QuickBooks topic, feel free to email QuickTrainer at info@quicktrainer.biz.

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