Adjust a client's S-Corp benefits at the end of the year

This feature is currently available to our accountant partners.

Adjustments to 2020 S-Corp benefits can only be made up until January 8, 2021 at 4 PM PT. Any adjustments needed after that time will require amendments and you'll need to contact us from the Help section of your account to assist.

1. Sign in to your accountant profile.

2. Go to the Clients section.

3. Click the "Actions" menu next to a client name.

4. Click Adjust S-Corp benefits.

5. Click the + next to a shareholders name to add them for the adjustment.

   • Make sure they’re marked as a shareholder and have a benefit set up.

   • If the shareholder was dismissed or you need to adjust their HSA withholdings, contact us.

6. Click Next.

7. Enter additional benefit contributions (medical, dental, vision).

   • This will be used as a one-time adjustment to your 2020 S-corp benefits. This is in addition to any withholdings you’ve already made in 2020—you can see those by running a payroll journal report. The total contribution amount, including both this contribution and previous withholdings, will appear on this shareholder’s Form W-2.

8. Click Next.

9. Review the benefit contributions below before submitting.

   • We’ll make these one-time adjustments to your last payroll for reporting purposes only—we won’t debit any federal or state income taxes. Any income tax owed will reconcile on the shareholder's personal tax return.

10. Click Submit.