Employee Business Expense Reimbursement: Tax Compliance for 2018

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CEU Approved | Pre Recorded

  • 90 minutes

This webinar will cover the tax compliance for employee business expense reimbursements under both accountable and non-accountable employee business expense plans. Accountable plans allow the employer to exclude expense reimbursement from employee wages. Accountable reimbursement plans have strict documentation and recordkeeping requirements and require timely reporting and return of excess reimbursements by employees. In addition, per diem arrangements can be used in lieu of actual substantiation. The webinar will include discussion of these requirements as well as how to report reimbursements that do not qualify under the accountable plan rules and must be included in employee wages.

In this webinar expert speaker Patrick A Haggerty, will help attendees that how to manage account properly and report expense reimbursements and facilities provided to employees in compliance with IRS requirements.

Session Highlights:

  • Determine whether an expense reimbursement qualifies for exclusion from employee wages

  • Know what is required to substantiate various expenses and benefits under an accountable plan

  • Understand the importance of timely processing of reimbursements and collection of excess advance funds

  • Know when expense reimbursements or use of company resources must be included in wages

  • Understand when per diem rates may be used and why employers may want to use them

  • Know how to determine maximum per diem rates and how to use the high low method

  • Know how to establish and administer an accountable expense reimbursement plan.

  • Understand the importance of control and accounting procedures related to expense reimbursements

Why You Should Attend:

Employee expense reimbursement is one of the targets of a current IRS audit initiative. Speaker will also cover the rules and requirements for expense reimbursements, as well as best practices for processing expense reimbursements either in payroll or accounts payable.

Who Should Attend:

  • Payroll Supervisors and Personnel

  • Accounts Payable Supervisors and Personnel

  • Public Accountants

  • Internal Auditors

  • Tax Compliance Officers

  • Enrolled Agents

  • Officers and Managers with Tax Compliance Oversight

  • Company / Business Owners

  • Managers/ Supervisors

  • Public Agency Managers

  • Audit and Compliance Personnel / Risk Managers

*You may ask your Question directly to our expert during the Q&A session.
** You can buy On-Demand and view it as per your convenience.

Patrick Haggerty

Patrick Haggerty

Patrick Haggerty is a tax practitioner, author, and educator. His work experience includes non-profit organization management, banking, manufacturing accounting, and tax practice. He began teaching accounting at the college level in 1988. He is licensed as an Enrolled Agent by the U. S. Treasury to represent taxpayers at all administrative levels of the IRS and is a Certified Management Accountant. He has written numerous articles and a monthly question and answer column for payroll publications. In addition, he regularly develops and presents webinars and presentations on a variety of topics including Payroll tax issues, FLSA compliance, information returns, and accounting.

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Edupliance is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.5 PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.

This webinar has been approved for 1.5 HR (General) recertification credit hours toward California, GPHR, HRBP, HRMP, PHR, and SPHR recertification through the HR Certification Institute. The use of this seal is not an endorsement by the HR Certification Institute of the quality of the activity. It means that this activity has met the HR Certification Institute’s criteria to be pre-approved for recertification credit.

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