Every year, employers get a review of how much they pay in unemployment taxes. They provide the state updated rates that are used to figure out unemployment payments. These rates are called SUI rates. This normally happens in December or January. The state unemployment insurance rate (SUI) is varying for each company and is based on the state. The state gives a new employer rate for new employers that haven't paid unemployment taxes yet. When the SUI rate goes up or down, the payroll needs to be changed to reflect it. QuickBooks lets users update state unemployment insurance rate in QuickBooks. The procedure for the same is thoroughly explained herein.

Steps for Updating SUI Rate in QuickBooks

•        The first step is to open the browser and go to QuickBooks Online.

·         Fill in the login credentials.

·         After filling in the login information, log in to the account.

•        Click on the Settings button.

•        Pick Payroll Settings.

•        Choose the state that needs to be changed, and then click the Edit button next to it.

•        Go to the option to set up State Unemployment Insurance (SUI).

•        On this page, click the "Change or Add New Rate" button.

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