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Reimbursing Employees for Expenses: Keys to Compliance

Summary

Webinar Recording

Recording Price: $199.00

(Includes Proprietary Materials)

With the IRS cracking down on employment tax issues, you can't let anything slip by you - especially not when it comes to reimbursing employees for expenses occurred on the job. If these aren't done correctly, they are treated as wages and taxed accordingly. Ensure your payroll department has strong policies and proper documentation procedures in place. Join us for a live, 60-minute webinar to discover:

  • Legal issues around employee expense reimbursement: IRS Compliance
  • Taxing reimbursements: What's treated as expenses vs. compensation?
  • Reporting & documentation best practices: Remain compliant, avoid fraud
  • Audit preparation strategies: What is the IRS looking for?

Program Highlights

  • The Legal Landscape Around Employee Expense Reimbursement: Stay Compliant

    • IRS reimbursement requirements: Taxing employee expenses
    • Expense reimbursement plans: Accountable vs. non-accountable
    • Employee wages and expense reimbursements: What's included?
  • Payroll Requirements for Reimbursements: Expense Vs. Compensation

    • Per diems and advanced accounting: When are they used?
    • Payroll taxation considerations: When reimbursements count as income
    • Personal use of company property: Vehicles, cell phones and more
  • Best Practices for Processing and Documenting Expenses: Preventing Fraud

    • Substantiation and documentation: Excluding reimbursement from wages
    • Preparing for an IRS audit: Potential penalties & costly pitfalls
    • Methods for timely processing and collection of excess advance funds
  • Live Question & Answer Session - Have your questions answered by the expert!

About The Speaker

Patrick Haggerty is an educator, tax consultant, and author. His career includes non-profit organization management, banking, manufacturing accounting, and tax practice. He holds a Master of Science in Accounting and has taught accounting at the college level for nearly three decades.

  • Pat is an Enrolled Agent (IRS licensed taxpayer representative). He helped develop and teach EA exam review courses for the North Carolina Society of Enrolled Agents.
  • He regularly develops and presents webinars on a variety of topics including payroll tax issues, FLSA compliance and information return reporting.
  • He has authored numerous published articles. Since 1998, he has written a monthly question and answer column for payroll newsletters.
  • He is a sought after speaker for professional associations.

Program Benefits

Join us for this 60-minute webinar to discover the legal and financial risks of improper reimbursement procedures and gain practical tips and tools to ensure your policies are in order.


Prerequisites

  • None

Delivery Method

  • Group Internet Based

NASBA Field Of Study

  • Accounting - Finance

Program Level

  • Basic Knowledge Required