I understand the importance of keeping payroll tax settings current to ensure compliance. Let me provide some clarity and guidance on this matter, @shaarim.
Currently, QuickBooks Online Payroll does not include the new 5% Minnesota Unemployment Insurance (MN UI) additional assessment in its payroll tax settings. Our payroll team is actively reviewing updates from the Minnesota Department of Employment and Economic Development (DEED) to ensure these changes are incorporated into QuickBooks Payroll as soon as possible.
While we do not have a specific date for when the option will be added, most states' effective date for these changes is January 1st, 2025.
In the meantime, you might want to consider sending your tax notice to us so we can assist you further in updating your tax rates in QuickBooks Online.
To begin this process, please handwrite your Federal Employer Identification Number (EIN) on the first page of your tax notice. If you have more than one notice of discrepancy, please send each one separately.
If you are currently using our payroll services, here’s how to upload the notice:
- Go to Taxes then select Payroll tax.
- Select Resources.
- Select Tax Notice.
- Follow the on-screen steps to send your notice to us.
Once we receive the tax notice, we’ll send an email confirmation to the Principal Officer and Primary Admin on file, including a case number and additional details. When we complete the review, a tax specialist will send another email outlining the required resolution, any steps we have taken on your behalf, and any additional actions you may need to take.
Please note that the Tax Notice team will send an acknowledgment email within 3-5 business days. If the Principal Officer or Primary Admin does not receive an email, please contact us to confirm whether we received it.
Additionally, you can explore these articles to learn how to wrap up this year’s payroll and prepare for the next:
If you have further questions about the MN UI additional assessment or anything else, I'm here to assist you, @shaarim. Happy Holidays.
