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Intelligent Payment Automation version 1.0.3 is now available in the SuiteApp Marketplace. The SuiteApp, powered by BILL, lets you automate payments, manage vendor details, and bank account information within NetSuite. Learn more
Important Reminder on MN Workforce Enhancement Fee Tax Update
As you may be aware through agency notices, effective July 1, 2009 through June 30, 2011, the Workforce Development Fee also referred to as the MN Workforce Enhancement Fee will be assessed at 0.12% which is an increase of 0.02% over the previous rate of 0.10%. This change in rate had been implemented in your payroll system.
ACTION REQUIRED:
Basic Payroll users:
Customers who are required to pay MN Workforce Enhancement Fee are recommended to revisit the MN Workforce Enhancement Fee amount to ensure that proper amounts were paid and reported to the state tax agency. You may use any of the available payroll reports in NetSuite such as Payroll Liability Report and Payroll Summary Report.
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