ComplianceOnline

Reimbursing Employees for Expenses: Navigating Taxes

Instructor: Patrick A Haggerty
Product ID: 704194
  • 3
  • November 2017
    Friday
  • 11:00 AM PDT | 02:00 PM EDT
    Duration: 90 Min

Live Online Training
November 03, Friday 11:00 AM PDT | 02:00 PM EDT | Duration: 90 Min

$199.00
One Dial-in One Attendee
$599.00
Group-Max. 10 Attendees/Location
(For Multiple Locations Contact Customer Care)
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recorded version

$249.00
1x Person - Unlimited viewing for 6 Months
(For multiple locations contact Customer Care)
Recorded Link and Ref. material will be available in My CO Section 48 hrs after completion of Live training

Training CD

$399.00
One CD is for usage in one location only.
(For multiple locations contact Customer Care)
CD and Ref. material will be shipped within 15 business days after completion of Live training

Combo Offers

Live + Recorded Version

$349.00

Live + Training CD

$499.00

Customer Care

Fax: +1-650-565-8542

Email: customercare@complianceonline.com

Read Frequently Asked Questions

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 accountable plan.

Course "Reimbursing Employees for Expenses: Navigating Taxes" has been pre-approved by HRCI as eligible for 1.5 credits towards a participant's recertification upon full completion.
“The use of this seal is not an endorsement by the HR Certification Institute of the quality of the program”.

Why Should You Attend:

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 accountable 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.

Learning Objectives:

  • 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.

Areas Covered in the Webinar:

  • Employee business expenses and reimbursements under the Internal Revenue Code
  • Accountable and non-accountable expense reimbursement plans
  • Substantiation and documentation required to exclude reimbursement or benefits from wages
  • Options for meeting substantiation requirements
  • Advantages and effective use of per diem payments
  • How to control the risk of a pattern of abuse of per diem payments
  • Valuation and treatment of personal use of company property (vehicles, cell phones, etc.)
  • When expense reimbursements or use of company resources must be included in wages
  • Travel advance and payment card administration
  • The importance of timely processing of reimbursements and collection of excess advance funds
  • Control and accounting procedures and the roles of payroll and accounts payable

Who Will Benefit:

  • Payroll Supervisors and Personnel
  • Accounts Payable Supervisors and Personnel
  • Public Accountants
  • Internal Auditors
  • Tax Compliance Officers
  • Enrolled Agents
  • Employee Benefits Administrators
  • Officers and Managers with Tax Compliance Oversight
  • Company / Business Owners
  • Managers/ Supervisors
  • Public Agency Managers
  • Audit and Compliance Personnel / Risk Managers
Instructor Profile:
Patrick A Haggerty

Patrick A Haggerty
Owner, Patrick A. Haggerty, Tax and Accounting Services

Patrick A. 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 tax payers 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, and information return reporting.

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Refund Policy

Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. ComplianceOnline would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange.

Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time.

If you have any concern about the content of the webinar and not satisfied please contact us at below email or by call mentioning your feedback for resolution of the matter.

We respect feedback/opinions of our customers which enables us to improve our products and services. To contact us please email customercare@complianceonline.com call +1-888-717-2436 (Toll Free).

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