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Thanks for bringing this up in the Community, @LAC1.
You can record the refund you received from your insurance provider as a bank deposit. This way, you accurately capture the cash inflow returning to your company. I'm pleased to walk you through the process.
Here's how:
If you need to generate, print, and personalize payroll reports to gain deeper insights into your business' finances, check out this article for more guidance: Run payroll reports.
I'm here and ready to assist if you have any other payroll-related concerns. I'm just a few clicks away. Have a great day, LAC1!
@jeanbiverly_ You said:
"You can treat an S Corporation health insurance premium refund by running a check expense outside of payroll. This won't be included in payroll as it's considered taxable.
Here's how:
You do understand that @LAC1 was given a refund by their former insurance provider.
Why are you advising them to recognize the refund they were given as an expense?
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