I use a standard deduction for health insurance and it is automatically re set to zero at year end. This means I have to re enter what my employees paid into insurance at first payroll for the new year. Our health insurance renews Dec 1st each year so this option would eliminate the extra work in January every year.
by: Teresa P. | over a year ago | Payroll / Job Cost
Comments
Payroll YTD amounts are always based on calendar year.