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S-Corp Officer Health Insurance Deduction FAQs

WEBThe cost of health, dental, vision, supplemental/AFLAC, and long-term care premiums, as well as HSA contributions paid by an S corporation on behalf of a …

Actived: 3 days ago

URL: https://support.businessasap.com/article/261-s-corporation-officer-health-insurance

HSAs, HRAs, and FSAs

WEBHSAs, HRAs, and FSAs The basics of HSAs, HRA, and FSAs. Anthem BlueCross BlueShield put together this great infographic to help folks understand the …

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Colorado HFWA Paid Leave Requirements

WEBAll CO employers were required to provide up to 80 hours of HFWA PHE paid leave for COVID-related absences from January 1, 2021 to June 8, 2023. If you have a …

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QSEHRA-Qualified Small Employer Health Reimbursement …

WEBEligibility: These HRA types are referred to as Qualified Small Employer Health Reimbursement Arrangements ( QSEHRA) as an employer must meet two …

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Dependent Care vs. Health Coverage for Dependents

WEBDependent Health Coverage: If an employee adds health coverage for their spouse and/or children, the premiums are considered pre-tax deductions assuming an employer has a …

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ASAP Help Center

WEBQuickBooks Desktop FAQs. 8 articles. Frequently asked questions and support documentation for ASAP Accounting & Payroll, Inc.

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S Corporation Officers & Payroll

WEBThe cost of any health and accident premiums paid on behalf of a shareholder are deductible, so as long as the company has fulfilled the requirement to …

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Understanding Form W2

WEBUnderstanding Form W2. Form W2 can be a bit confusing. To help you navigate all of this information, we put together the following tips and items to keep in …

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Biweekly Salary and 27 Payrolls in a Year

WEBOption 3: Use the exact calendar-year divisor of 26.0893 or 52.1786 for weekly employees. Dividing an annual salary by 26.0893 for those paid biweekly or …

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S Corp Officer Payrolls

WEBS-Corp Officer Tax Planning: Payroll Withholding vs. Quarterly Estimated Tax Payments. Why S-Corp Officers Require Payroll. Determining Reasonable Compensation for S …

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IRS W2 Notice to Employee & Box 12 Codes

WEBThis amount includes the total dependent care benefits that your employer paid to you or incurred on your behalf (including amounts from a section 125 (cafeteria) …

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Guide to Maintaining Employee Records

WEBFederal and State privacy laws require employers to follow certain guidelines for maintaining records on employees. Gone are the days where every piece …

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Employee Hiring Forms

WEBComplete a W4 - Employee's Withholding Allowance Certificate. Present to their employer or hiring manager personal documents as explained on page 9 of the I-9 Form …

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HR FAQ's & Best Practices

WEBASAP's Online HR Support Center. 1099 Contractor or W2 Employee. Calculating Overtime in Colorado. Common Mistakes Employers Make Calculating Overtime. Workweek vs. …

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PPP Average Monthly Payroll Report

WEBIf you deduct a portion of premiums from the employees, make sure you use the employer's net expense only. Total PPP Costs: PPP Applicable Wages + ER State/Local Taxes + …

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FAQs on Issuing Final Pay / Termination Checks in Colorado

WEBIn addition, if the accounting/payroll processor is offsite (such as ASAP), you have up to 24 hours to issue the final paycheck after the start of the service provider's next workday. …

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S-Corp Shareholders and Unemployment Insurance

WEBMany corporation officers find it surprising that even though they are "owners" of a company, they still may be subject to paying unemployment insurance (UI) …

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Colorado Unemployment Insurance (SUTA/SUI)

WEBVisit CDLE's Beginning Rates web page to view standard rates for the current and previous year. NOTE: Employers in construction-related industries may be subject to a different …

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LLC or S Corporation and Payroll

WEBWhy would I want to be treated as an s-corporation? All profit generated by an LLC that hadn't made the "s-election" would be considered "Schedule C" income and reflected on …

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1099 Contractor or W2 Employee

WEBPer the State of Colorado, "To create the presumption of an independent contractor relationship, the writing or contract must contain the following clauses that …

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