SMART HR News You Can Use

CHECK DATE determines which TRA rate to use for employer share
Fiscal Year 2022-7/1/2021-6/30/2022 – 8.34%
Fiscal Year 2023-7/1/2022-6/30/2023 – 8.55%
 
When you calculate your payoff payroll, please review your proof to ensure the correct TRA rate is being used for the employer share. 

FOR CHECKS DATED JUNE the calculation should use 8.34% for employer share of TRA. 
 
FOR CHECKS DATED JULY OR AUGUST the calculation should use 8.55% for the employer share of TRA.