Re: Employer Paid Benefits (Non-taxable vs taxable)

2024-12-09 Thread Red S
In terms of my paycheck import, the things that most immediately come to mind are being able to - track my employers total compensation so that I can compare employment opportunities - verify the information on my employer provided W2 - ensure that I'm withholding enough throughou

Re: Employer Paid Benefits (Non-taxable vs taxable)

2024-12-09 Thread Gary Roach
On Sun, Dec 8, 2024 at 4:12 PM Timothy Jesionowski < timothy.n.jesionow...@gmail.com> wrote: > What I do is have a separate currency like CUSD (Corporate-USD) for money > flows that are about me but aren't my money. Works just as well for travel > expenses. > > Mostly this just makes the Income ba

Re: Employer Paid Benefits (Non-taxable vs taxable)

2024-12-08 Thread Red S
Many ways to peel this orange. One way is thee other reply you’ve gotten so far. When in this situation, I find it helpful to ask myself: “what set of end results do I want out of my accounting system?” In your case, it could be: 1. Numbers that match with the tax authority (in this case,

Re: Employer Paid Benefits (Non-taxable vs taxable)

2024-12-08 Thread Timothy Jesionowski
What I do is have a separate currency like CUSD (Corporate-USD) for money flows that are about me but aren't my money. Works just as well for travel expenses. Mostly this just makes the Income balances more immediately legible. On Sun, Dec 8, 2024, 4:04 PM Gary Roach wrote: > Hi all, > > I'm wo

Employer Paid Benefits (Non-taxable vs taxable)

2024-12-08 Thread Gary Roach
Hi all, I'm working on importing my paycheck and I'm not sure how to handle employer paid benefits. I have 3 employer paid benefits: imputed life insurance (taxable), life insurance (non-taxable), and medical insurance (non-taxable). For the taxable imputed life insurance, I think it makes sen