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HAVE EMPLOYEES OR WAGES FROM S-CORP?
Please let us know if you need help making any of the following adjustments in payroll:
- S Corp Owner Health Insurance: Email your accountant with your total year cost of any owner's health insurance for 2022 and they can help add that figure to your payroll correctly. Or if we have access to your bookkeeping, email us once your final December health insurance bill is paid and recorded and we can look up the annual totals.
- 401k/Retirement Benefits: Please review totals in payroll for each employee and compare to the totals for each employee listed with your Retirement Plan Provider. Let us know if you need help adjusting in payroll (or send additional funds to the Plan Provider if you have underpaid any of the accounts).
- HSA and Health Insurance Benefits for Employees: Compare payroll report totals for each employee to reports from the HSA provider to make sure you've accurately funded each employee account. If your health insurance plan year starts January 1st, make sure you've updated the deduction/benefit amounts to reflect any changes in cost for the upcoming year.
It's much easier to fix mistakes now vs. after reports and W2s have been submitted, so please review and let us know if you need any help!
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