QuickBooks Payroll: Florida Wage Base Change for 2012
The Florida Department of Revenue, Unemployment Tax announced changes to unemployment insurance (UI) taxes effective January 1, 2012. The changes include a UI wage base decrease to $8,000 from $8,500 and modifications to the tax rate calculations. To view the announcement, click here and look under current topics.
You are an employer who pays wages in the state of Florida and have an active QuickBooks Payroll subscription.
Frequently Asked Questions
When will these changes be available in QuickBooks?
What if I subscribe to the Disk Delivery service?
What do I need to do?
- You will need to download Payroll Update 21209 as soon as it is available April 5, 2012. The payroll update will include the change to the wage base limit. For more information on how to download and install a Payroll Update, click here.
- The Florida Department of Revenue, Unemployment Tax will be issuing a new UI Rate notice, Form UCT-20.
- If you have received the Form UCT-20, and your rate has changed, enter the updated tax rate in QuickBooks effective 1/1/2012 for all Quarters. Click here for instructions.
What if I already filed?
What if I overpaid and expect a refund?
Has the Form been updated to reflect the wage base change?