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 2019
- 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
- Define and present the general rules about what makes expense reimbursements taxable for payroll, and what are excluded from payroll taxes
- Determine whether or not your expense reimbursement policy reflects the information necessary for your employees to get you the information you need, without being overly burdensome.
- Evaluate some specific types of expense reimbursements that your company regularly processes for workers, and determine if you are valuing and taxing them as appropriate.
- Recognize the signs of employee fraud perpetrated in employee expense reporting.
- 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
Who Will Benefit:
- Payroll management and staff
- Human Resource professionals
- Accounts payable staff and management
- Accountants and Finance personnel