It really depends on the timing; if you pay and then deduct, or if you deduct and then pay. You’ll need to create a Company Contribution payroll item to record the health insurance on your employee’s W-2s. Any help or suggestions. Thank you. Please delete your comment about deadbeat parent in this discussion! Connect with and learn from others in the QuickBooks Community. Select Annual Forms. A data integrity issue could also be the reason why there's a discrepancy on your payroll liabilities. The issue did not occur until 2020. In QuickBooks edit Frank’s employee record -> going to the Payroll and Compensation tab -> in the Additions, Deductions and Company Contributions block, find the health insurance contribution item and enter BOTH the hourly “rate” and the annual maximum. Would this be correct? We do the same for our two pastors. Sales & Record any COBRA subsidy credit refund. It changes how your Accounting is handling the bookkeeping of the activity. Make sure that the QuickBooks file considers this company as an S-Corp. Click on the "Company" button on the top menu bar. Integrating Patriot Software with QuickBooks Online Background. Click the employee's name, and then click Edit employee. Once a month, the insurance automatically deducts the amt of the insurance due from our acct. Select Taxes & Forms. There are also issues due to covid. Let me also share some articles that talk about managing payroll liabilities in QBDT: Please let me know if there's anything else I can do to be of assistance. To set up company contributions to an employee's health insurance: In the left navigation bar, click Employees. Select the amount of your payroll taxes to view the complete details. If the deduction is from Pre-tax or Post-tax, this matters matters. How to Set Up an Employer Contributions Health Insurance Payroll Item in Quickbooks Desktop. Record the total amount of health insurance premiums withheld as a decrease to the health insurance expense account. Read the new rules for S-Corps and health insurance deductions in the instructions for a Form 1120S (see "Tips"). Not per the Banking that happens. Our state requires all child support payments to go through the state system, and our employees who pay their child support consistently through their paychecks do not deserve to be labeled as deadbeat or any other negative term. I've also added an article here about fixing common payroll errors in QuickBooks: How to fix common payroll errors. First, login to your SimplyInsured Employer Dashboard. Example: Child Support deduction is a Net Takehome deduction with no tax tracking, because there is no Tax benefit for being a parent subject to a court withholding order. Wondering if you ever got an answer to this question as I have the same problem. You can check this by viewing the Payroll Liability Balances report in QuickBooks Desktop. Take note of the total amount, and then multiply the Wages Base amount to the tax rate. into ... QuickBooks Online, QuickBooks Self-Employed, QuickBooks ProAdvisor Program, QuickBooks Online Accountant, QuickBooks Desktop Account, QuickBooks Payments, TSheets by QuickBooks, Other Intuit Services, QuickBooks Self-Employed, QuickBooks ProAdvisor Program, QuickBooks Online Accountant, QuickBooks Desktop Account, QuickBooks Payments, TSheets by QuickBooks, Other Intuit Services. You will need separate payroll forms to report tips retained by employees versus tips you collect and add to the employee’s paycheck. In QuickBooks Desktop (QBDT), we can open the Payroll Summary and Payroll Liability Balances reports to determine which quarter the discrepancy comes from. Don't hesitate to drop a comment below if you have other questions. 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