Verifying Payroll Calendars
Verifying Payroll Calendars As part of the year‐end process, we ask our clients to ensure the payroll calendars reflect the correct pay dates and pay periods for the coming year;…
W2 Box 12DD Health Benefit Reporting for ACA
A requirement of the Affordable Health Care Act is to report the combined cost of applicable health insurance coverage. The amount reported in Box 12 DD is not taxable, and…
Employer Paid S-Corp Owner Benefits
Health insurance premiums paid by the corporation for owners with at least 2% ownership in an S-Corp where an employee “non-discriminatory” medical plan is offered is taxable and reportable, thus…
Taxable Fringe Benefits
Fringe Benefits MUST be submitted with other paid wages to allow for accurate tax deductions.