Recording group term life exceeding $50,000 in payroll for tax purposes.

Question

This is the first year we have offered group term life exceeding $50,000. I am unsure how to set up in BusinessWorks so the value gets recorded in payroll. Can anyone offer any help

Coleen Graber · Answer

Yes. Please see resolution #20995 How to set up and process fringe benefits . This resolution goes into detail on your options for creating this fringe benefit. A mini-tutorial (Video: Payroll Year End Tutorials) is available on the Sage Customer Portal ( https://support.na.sage.com ) with step by step instructions. Instructions for accessing the tutorial is available in the resolution as well.

Sage BusinessWorks

Recording group term life exceeding $50,000 in payroll for tax purposes.

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