Toll free:
+1-800-385-1627
Cart:
0 items

Expense Reimbursement Reporting - Don't make Non-Taxable Payments Taxable

Duration:
75 Minutes
Access:
6 months
Webinar Id:
33302
Register Now

Recorded Version

$199. One Participant
$399. Group Attendees

Group Attendees: Any number of participants

Recorded Version: Unlimited viewing for 6 months ( Access information will be emailed 24 hours after the completion of live webinar)

HRCI

The use of this seal confirms that this activity has met HR Certification Institutes (HRCI) criteria for recertification credit pre-approval.
This activity has been approved for 1.25 HR (General) recertification credit ...more


HSRM HRTrainOnline is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®. ?
1-hour educational program = 1 PDC.
1-hour and 15 minute concurrent conference session = 1.25 PDCs.
3-hour e-learning course = 3 PDCs.
Overview:

Employee Expense Reimbursement for 2021: Guide to IRS Compliance incorporating the TC & JA

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 pros.

Don't take chances with your expense reimbursement plan for employees and independent contractors.

Why should you Attend:
  • Define and present the general rules about what makes expense reimbursements taxable for payroll, and what is 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

Areas Covered in the Session:
  • 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're 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

Who Will Benefit:
  • Payroll Management and Staff
  • Dept Managers
  • Human Resource Professionals
  • Accounts Payable Staff and Management
  • Accountants and Finance personnel
Instructor:

Mark Schwartz is an employment tax specialist and has over 15 years of employment tax experience as an independent consultant and as a payroll tax auditor with the State of California. He has managed an audit caseload of 20 ongoing audits, from small home-based businesses to large multi-national corporations. He is expert at defining regulatory and statutory requirements from local, State and Federal government agencies; and helping the average businessperson understand what that means to their business. He has processed weekly and bi-weekly payroll checks plus tax forms for businesses with hourly as well as exempt workers, multistate operations and a wide variety of benefits.

Mr.Schwartz provides consulting services encompassing payroll processing and payroll tax issues. These include payroll tax minimization, payroll tax compliance reviews, independent contractor studies, use of electronic transfers, deductions, benefits, etc. Mark has represented both clients and the State in front of the State Appeals Board. He understands the complexities of local wage laws, unemployment and disability claims, and other wage and benefit issues affecting your employees.

Mark prides himself on his outstanding customer service skills. He listens attentively to his clientele, helping them bridge the gap between the small business world and Government bureaucracy. He eagerly assists with clients needs and feels that educating clients toward faster, accurate and more complete payroll processes provide the most value.

Mark is a participating member of the American Payroll Association. He earned his BA and MBA in Finance at Santa Clara University. He has held Certified Internal Auditor and Certified Investment and Derivatives Auditor Credentials. Mark is currently pursuing a Certified Payroll Fundamentals Credential with the American Payroll Association.


Recently Viewed