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I have a new client with a handful of employees. One of them accepted the offer of health insurance coverage, and the former bookkeeper coded the premiums as post-tax for the employee. Now the former BK is fired and I'm hired and have to prepare W-2's. What is the easiest way to fix this? My guess: redo the paycheck tax calculations for the year in a spreadsheet to determine differences, file amended 941's, and manually adjust the W-2 in QB before printing.
If anyone has any input, agrees (for my peace of mind) or has a better way, I'd love to hear from you.
Many thanks.
If anyone has any input, agrees (for my peace of mind) or has a better way, I'd love to hear from you.
Many thanks.