Payroll Tip – Health Insurance Tracking Requirements for 2012
Payroll is a complex part of every bookkeeper's job, new requirements for 2012 include showing company paid health insurance premiums on employees W-2's; making things even more complex. See this question asked by a reader of our blog. I have a question that I've been searching for an answer to, I've even asked our Tax Accountant about it. In 2012 it is mandatory that we show the company share of employee health insurance on W-2's, do you know if there is there a way in QuickBooks to track this on a regular basis, so that it shows on the employees paystubs and then have it flow through onto the W-2 at the end of the year? Thanks, Kathleen S. -------------------------------------------------------------------- Answer: Hi Kathleen, Yes, you can set QuickBooks up to…