How to set up the system to tax the value of LTD provided
I have a question - our Benefits department requests that we configure the system to take taxes on the long term disability premiums the company pays on the employee's behalf.
Benefits requests Payroll to set up an earning code/additional pay and a corresponding general deduction for the same amount in every pay but I am not sure that is the correct way to accomplish this request.
Does anyone have advice on how to configure the payroll system to take taxes on employer paid disability premiums?
Thanks in advance for any info!!