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Even though many software programs used to prepare payrolls automatically update all payroll tax information with each update, there is one tax rate that MUST be entered manually – the Ohio Unemployment Rates.
Because the Ohio unemployment rate differs for every employer, no tax table is able to handle all the various rates. Therefore, the contribution rate for 2008 must be entered manually before processing the first payroll in January in order to have an accurate SUTA accrual.
Your premium rate for 2008 can be found on the yellow Contribution Rate Determination notice sent by the Ohio Department of Jobs and Family Services the first part of November. It is particularly important for QuickBooks users to do this to avoid having to do a payroll liability adjustment before paying the first quarter's premium.
If you have any questions, please contact your Rea advisor.
-By Babs Douglass (Marietta office)
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