Reimbursing Employees for Expenses: Navigating Taxes

Online Compliance Panel
Training overview
1.5 hours
From 300 USD
Next start date: Start anytime! - Online
Ladies taking compliance training

Course description

This training program will engage attendees in a discussion on whether an expense reimbursement qualifies for exclusion from employee wages. It will offer stringent guidelines on what is required to substantiate various expenses and benefits under an account plan.


Employers often provide travel advances, business expense reimbursement, or use of company property to employees. Employee expense reimbursement is one of the targets of a current IRS audit initiative. Unless expense reimbursements are made under an account plan, the payments must be included in employee wages. Accountable expense reimbursement plans provide tax savings for both employers and employees. But insufficient documentation or faulty procedures can result in reclassification of the reimbursements as wages. This results in additional tax and possibly penalties. An employer may even become liable for taxes it failed to withhold from the employee reimbursement.

In this informative webinar, attendees will learn how to properly account for and report expense reimbursements and facilities provided to employees in compliance with IRS requirements.

Costs

This webinar costs $300

About Online Compliance Panel

Online Compliance Panel

On-demand Webinars from Online Compliance Panel

The team at Online Compliance Panel works in tandem with the latest US FDA regulations/regulatory compliance in creating simple, interactive and cost effective training sessions suitable for individuals and corporations. The organization is a predominantly web based information exchange forum....


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