Financials Tips

Starting January 1, 2017 employers with less than 50 employees can offer employees a reimbursement for medical insurance that provides minimum essential coverage (MEC).  There are a number of requirements and regulations that should be considered before deciding to provide this non-taxable benefit. If you did comply with the required notices on or before March […]

Employer Paid Health Care Value

Employers, including nonprofit organizations, are required, beginning in calendar year 2017, to report the fair market value of provided health care benefits. This information is to be included on IRS Form W-2 in Box 12, using code DD, for every employee receiving health care benefits as part of his or her compensation. ShelbyNext | Financials […]

This year you have multiple options from within Financials to file the necessary year-end tax forms. Financials now supports the following methods to review and submit year-end tax forms from Accounts Payable and Payroll. Edit List – a quick view to make sure your records are correct Use E-Fine Service – a fully automated way […]