How to Update Tax Information

If you receive a new rate for your state unemployment insurance tax or receive your payroll tax IDs, rate changes and deposit frequencies can be updated directly in your Homebase account. This ensures Homebase can file taxes for you.

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Updating Tax Information in Homebase

1. Once signed into your Homebase account, click Settings on the left side of the screen.
2. Click on Taxes under Payroll.
3. Click on Edit in the state you wish to update. 
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4. Select the tax rate that needs updating and add the new value.
5. Input the new tax rate with its Effective start date then click Next. 
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6. Click Edit next to Federal or State taxes to edit more rates, or press the X icon in the top right to finish.
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Updating Deposit Frequency 

1. You can edit the deposit frequency by clicking +input additional value
               
2. Select one of the available deposit frequencies and choose the effective start date.

                     Available frequencies:

• • M15 Year End Due 1-31
    Deposits are made monthly on the 15th of each month, with the final deposit for the year due January 31 of the following year.

  • Semi-Weekly
    Deposits are made every two weeks, based on payroll dates.

  • Quarterly
    Deposits are made at the end of each calendar quarter.

                     

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Common FAQs

When do updates need to happen?

The notice will provide a date at which the new rate or deposit frequency will take effect. 

Why is it important?

Changes to your tax information will need to be updated in Homebase in order to withhold and calculate taxes correctly and to ensure deposits on your behalf are made in a timely manner. Failure to do so could result in penalties.