This article assumes that you are using QuickBooks (desktop) and QuickBooks Enhanced Payroll. QuickBooks Payroll allows for two different methods by which you can track Medical Health Premiums for S-Corp Officers. You may have been processing S-Corp Health Insurance premiums using a Scorp Pd Med Premium Payroll Item all year long, but many S-Corps will choose to simply apply the S-Corp Health Insurance premiums they have been paying to an officer’s payroll at year end. This article discusses the method for making these year-end payroll adjustments.
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Topics from this blog: Premium S Corporations QuickBooks Desktop QuickBooks Payroll QuickBooks Enhanced Payroll