Search found 135 matches
- Mon Mar 01, 2021 1:44 pm
- Forum: Accounting
- Topic: revise 2020 w-2
- Replies: 12
- Views: 1222
Re: revise 2020 w-2
It was information from their online tax service, is reads: Your employer withheld too much social security tax from your wages in 2020. Contact your employer to get a refund for the amount overpaid for your Social Security tax Let your employer know you need a corrected W-2 Once you get your correc...
- Mon Mar 01, 2021 10:28 am
- Forum: Accounting
- Topic: revise 2020 w-2
- Replies: 12
- Views: 1222
revise 2020 w-2
An employee was processing their tax return and received a message that their employer withheld too much. I only take what the system calculates, anyway they need a new w-2 from me. How do I do that? PC 12.2 Also I the amount it shows as "underpaid" this year (that I had written a check to the IRS f...
- Thu Oct 15, 2020 1:51 pm
- Forum: Accounting
- Topic: Interim Pastor
- Replies: 14
- Views: 1795
Re: Interim Pastor
Thank you so much!!!
- Thu Oct 15, 2020 12:17 pm
- Forum: Accounting
- Topic: Interim Pastor
- Replies: 14
- Views: 1795
Re: Interim Pastor
Just so I am clear, in box 1 it will show his salary, ss offset and this 403b income as a total (call it 50,000) , and then in box 12 (I have that checked) it will show the total that I deduct (call that 10,000). Box 14 will have house allowance. My answer is ALL income will show in box 1 and then b...
- Thu Oct 15, 2020 8:16 am
- Forum: Accounting
- Topic: Interim Pastor
- Replies: 14
- Views: 1795
Re: Interim Pastor
Question on this again. His first pay was today, can I run a test w2 (I can't find a report that works that will give me this info) to see what it looks like to make sure everything is showing up in the correct boxes? He is questioning the income part of the 403b and wanting to make sure it's not sh...
- Mon Sep 28, 2020 3:17 pm
- Forum: Accounting
- Topic: Interim Pastor
- Replies: 14
- Views: 1795
Re: Interim Pastor
here's what I have: Interim Associate Pastor = IAP IAP SS offset (income) IAP 403b (income) FLA not taxable until withdraw (and they state preferably at retirement, not my circus lol) IAP Salary (income) IAP Housing (income) IAP 403b deduction (liability, same amount as income) - we already have a l...
- Fri Sep 18, 2020 1:07 pm
- Forum: Accounting
- Topic: Interim Pastor
- Replies: 14
- Views: 1795
Re: Interim Pastor
I did not make a liability account for this, should I? I have it set as an income item to the IAP per the instructions, do I need a separate liability as well?
- Fri Sep 18, 2020 11:16 am
- Forum: Accounting
- Topic: Interim Pastor
- Replies: 14
- Views: 1795
Re: Interim Pastor
Thank you Yes, the BoP is set up as liability I appreciate your help! And this forum!
- Fri Sep 18, 2020 9:54 am
- Forum: Accounting
- Topic: Interim Pastor
- Replies: 14
- Views: 1795
Re: Interim Pastor
The Board of Pensions invoices for installed pastors pensions, medical and death and disability, when I received that invoice I pay and then charge the individual accounting fund for the appropriate pastors amount. The 403 is not with the board directly, 3rd party, it is not actually billed, just so...
- Fri Sep 18, 2020 8:53 am
- Forum: Accounting
- Topic: Interim Pastor
- Replies: 14
- Views: 1795
Interim Pastor
Good morning, PC 12.2 here. We have a new Interim Associate Pastor beginning Monday. His pay is a little different than all others. He is covered by other insurance so in lieu of paying his medical coverage expense the Session agreed to pay him through his current 403b plan. My question is, how do I...
- Mon Aug 31, 2020 10:28 am
- Forum: Accounting
- Topic: Fixed Asset/Fund balance totals
- Replies: 1
- Views: 327
Fixed Asset/Fund balance totals
Pc 12.2, when I first started, I knew nothing about this position, someone came in and trained me and noticed some things we should change and made changes in our funds, account numbers and all. We asked for them to be changed back (giving the chart of accounts they had prior to me starting) but it ...
- Tue Aug 18, 2020 7:52 am
- Forum: Accounting
- Topic: Payroll groups
- Replies: 2
- Views: 339
Re: Payroll groups
Yes deposit is EFT, thank you!
- Mon Aug 17, 2020 4:50 pm
- Forum: Accounting
- Topic: Payroll groups
- Replies: 2
- Views: 339
Payroll groups
I am working in PC 12.2, We currently have 1 pay group and it is named current employees. Pay periods are the 15th and EOM. I want to have 2 pay groups (salaried employees and hourly employees). Salary employees are paid for current, ie. deposit on 8/15/2020 = salary employee dates 8/1-8/15. Hourly ...
- Tue Mar 31, 2020 7:51 am
- Forum: Accounting
- Topic: Payroll
- Replies: 6
- Views: 535
Re: Payroll
Also, I never intended for my response to be taken as I didn't think the answer wasn't official. I take all of the answers here as official, they have always proved correct.
Robin
Robin
- Tue Mar 31, 2020 7:46 am
- Forum: Accounting
- Topic: Payroll
- Replies: 6
- Views: 535
Re: Payroll
12, yes, and yes. However, I pulled her last w-2 and it appears a zero was added at the END? So I tried and entered the TEN digits and it worked. Looking back she was entered with an ending zero from the beginning and apparently when it was re-entered the extra zero was added again...…. In short I f...