Discussions
Stay up-to-date with the latest news from NetSuite. You’ll be in the know about how to connect with peers and take your business to new heights at our virtual, in-person, on demand events, and much more.
New AI Community Guidelines. Please review and follow them to ensure AI use stays safe, accurate, and compliant.
Update: Narrative Insights has been restored and is now available.
Narrative Insights is Temporarily Unavailable due to an Infrastructure Issue. Learn how This Impacts Your Account and What to Expect While the Feature is Disabled.
Narrative Insights is Temporarily Unavailable due to an Infrastructure Issue. Learn how This Impacts Your Account and What to Expect While the Feature is Disabled.
Payroll Adjustments / W-2's
How do I make adjustments for employer paid health insurance premiums paid for 2% shareholders? On a future payroll, I need to increase the employees' YTD wages by an amount equal to the value of the premiums paid and deduct the applicable FICA and income taxes.
I see there is a payroll code for "Health Insurance Employer Paid 2% Shareholders" but I'm not sure how to set up the payroll item.
It's the same situation for reporting the value of personal use of a company owned auto. I need to add an amount to YTD wages and deduct applicable taxes before the end of the year.
0