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645666
Level 1

employer paid health ins

do i need to set up my employer paid health ins thru payroll? i only have one employee that qualifies and have always just paid the premium and put the info in box 14 of the W-2.  I did get a ppp loan and wonder how that is affected.

 

3 Comments 3
Kendra H
QuickBooks Team

employer paid health ins

Hello there, @645666

 

Welcome to the Community. I'd be happy to provide information on how to set up the employer-paid health insurance. 

 

To answer your question, yes, you can pay the Premium and put the info in Box 14 on the W-2. If you're using an Intuit QuickBooks Payroll solution, such as Basic, Standard, Enhanced, or Assisted Payroll, setup and tracking of your Employer-Sponsored Health Coverage is made easy by using the tax tracking type, Health Coverage Cost. You can refer to this detailed article as it has additional information with reporting the employer-paid health insurance: QuickBooks Desktop Payroll: Reporting Employer-Sponsored Health Coverage Cost on Form W-2

 

Also, I want to ask if you mean how to record the Paycheck Protection Program (PPP) loan in QuickBooks? If so, you can check out this article as it has additional information with tracking your PPP loan in QuickBooks: Track how you use your Paycheck Protection Program loan.

 

I look forward to chatting with you soon. I'm always here to help. Have a good rest of your day!

645666
Level 1

employer paid health ins

The Question is DO I HAVE to set it up thru payroll or can i just keep doing the way i always have?

Charies_M
Moderator

employer paid health ins

Thanks for reaching us back, 645666.

 

I appreciate you for adding clarifications to your concern.

 

Regarding your question if there is a need to set the employer paid insurance in your QuickBooks, the answer depends on how you pay your taxes and file your forms.

 

If these records is required to be included on your Quarter and Annual forms for reporting, then you'll need to set it up. However, if your forms are manually filed, then there's no need to set it up.

 

The instructions on how to set it up using the QuickBooks Desktop version is already provided by the previous representative.

 

If you're using the QuickBooks Online version, you can check out the following articles which gives more insight on how to report the cost of health coverage on your W-2 Form. 

 

Let me know if you have additional questions. Stay safe and have a great day ahead!

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