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Attention: Customers with NetSuite Electronic Bank Payment (EBP) SuiteApp, version 2020.2 QA (ID 315896) must UPDATE (do NOT uninstall) their bundle to the Production version 2022.1 (ID 416781) by December 31, 2022. Note: If users fail to manually update the Electronic Bank Payments SuiteApp within the given time window, this version of the SuiteApp (ID: 315896) will be deprecated and the account will not be updated to Leading version (2022.1) of the Electronic Bank Payments SuiteApp. Please refer to the campaign email sent to impacted customers for more information.
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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.
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.