Assumptions
You are an employer who pays wages in the state of Mississippi and have an active QuickBooks subscription.
Overview
Mississippi unemployment tax and WorkForce Enhancement surcharge default taxability settings for the
Taxable Grp Trm Life tax tracking type have been updated for 2015 with Payroll Update 21504, released on January 15, 2015. Beginning January 1, 2015, employer contributions to a
Taxable Grp Trm Life are not included as wages subject to Mississippi unemployment taxes. Please see information below if you have a Payroll Item set up that is associated with this Tax Tracking Type.
Details
Frequently Asked Questions
What do I need to do?
You will need to download Payroll Update 21504 as soon as it is released. For more information about payroll updates, how to download and install payroll updates, see
Frequently Asked Questions about QuickBooks Payroll Updates.
What steps should I take?
Click here to refer to the instructions for creating a new payroll item and correcting any 2015 year-to-date amounts for any paychecks created with a 2015 check date that had Taxable Grp Trm Life contributions included.