• PR Tax Calculation using W-4 Amount vs. W-4 Exemption #

    When i use the calculator using the W-4 Amount, FWH seems to calculate a lot less to zero tax vs. when im using the Exemption number and im trying to understand why. Is there a special calculation when you use the amount? What is done behind the scene…
  • Reporting of Term Life and Accidental Insurance over $50,000

    Our company pays for $100,000 for group term life insurance and $100,000 for accidental life insurance. I did not realize that the employee was responsible to pay taxes on the portion of life insurance above $50,000 that the employer pays. Is the employee…
  • Puerto Rico Payroll

    We are a USA based company with expereince in the 48 states, and have been running our own internal payroll for the past 35 years. We have now begun operations in Puerto Rico andnot knowing what we dont know, we hired ADP to help start up our payroll…
  • 401k Deductions -- Part of Taxable Income

    I was curious as to how to handle 401k deductions for states like Pennsylvania where the deduction is part of the taxable income for the state tax which differs from Federal. Since there isn't a spot to mark the deduction type within the set-up, I wasn…