What is BSI tax company experience rate in SAP PY-US - USA?

SAP Term: BSI tax company experience rate

• Component: PY-US

• Component Name: USA

• Description: Percentage used by the BSI Business Software, Inc. tax calculation engine to determine the unemployment insurance tax to be levied upon an employer.

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• Key Concepts: 
  BSI Tax Company Experience Rate is a feature of the SAP Payroll (PY-US USA) component that allows employers to set up different tax rates for different companies. This feature allows employers to customize their payroll taxes based on the company's experience with taxes. 
  
  How to use it: 
  To use the BSI Tax Company Experience Rate, employers must first set up the tax rate for each company in the system. This can be done by entering the company's tax rate in the “Tax Rate” field in the “Company” tab of the payroll system. Once this is done, employers can then assign different tax rates to different companies based on their experience with taxes. 
  
  Tips & Tricks: 
  When setting up the BSI Tax Company Experience Rate, employers should make sure to review all of their company's tax rates and make sure they are accurate. This will help ensure that all of the company's payroll taxes are calculated correctly. Additionally, employers should also review their company's tax rates periodically to make sure they are still accurate and up-to-date. 
  
  Related Information: 
  For more information about setting up and using the BSI Tax Company Experience Rate, employers can refer to SAP's official documentation or contact their local SAP representative. Additionally, employers can also find helpful tutorials and videos online that provide step-by-step instructions on how to set up and use this feature.