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Employee Expense Reimbursement: What's Allowable & What's Taxable

Summary

Webinar Recording

Recording Price: $199.00

(Includes Proprietary Materials)

Employee expense reimbursements that aren't handled accurately can wind up being disallowed as expenses, or even considered as compensation by the IRS. If this happens, your company is on the hook for paying the associate payroll taxes - costing you more money as well as any penalties! You need to make sure your reimbursements are truly considered nontaxable, and that's a real challenge for even seasoned payroll pro's.

Don't take chances with your expense reimbursement plan for employees and independent contractors. Join our live, 75-minute webinar to discover:

  • What makes an "Accountable Plan" - Guidelines to help you in 2018
  • Your options for calculating and reporting taxable expenses to the IRS
  • Keys to taxing reimbursements: What's an expenses vs. compensation
  • High on the audit list: Detailed rules for specific reimbursement types
  • How to avoid employee fraud - red flags and what to watch out for

Program Highlights

  • IRS Rules for Employee & Independent Contractor Expense Reimbursement

    • IRS reimbursement requirements for taxing employee expenses
    • Expense reimbursement plans: Accountable vs. non-accountable
    • Stay of the audit list: Rules on specific types of reimbursement
  • Payroll Requirements for Reimbursements: Expense vs. Compensation

    • Tips & tools to calculate taxable expenses - before the IRS does!
    • 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: Your Key to Preventing Fraud

    • Substantiation and documentation: Excluding reimbursement from wages
    • Identifying employee fraud: Clear warning signs to be aware of
    • Methods for timely processing and collection of excess advance funds
  • Live Question & Answer Session - Have your questions answered by the expert!

About The Speaker

Mark Schwartz has over 15 years experience in state and federal payroll tax audits, collections, and payroll consulting.

  • As an auditor, Mark prided himself on his ability to educate his auditees on state and federal payroll tax requirements. Whatever issues he found in audits, he ensured the auditee knew how to comply in the future. He worked to minimize company disruptions in the audit process.
  • In addition to his real-life experiences, Mark has a Masters in Business Administration, and currently uses his entertaining and helpful personality to help organizations prepare for payroll tax audits - whether they've already got the notice or are still hoping they don't!

Program Benefits

Join us for this 75-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