Employee Expense Reimbursements: IRS Compliance Update 2017

recording Employee Expense Reimbursements: IRS Compliance Update 2017

You Will Learn:

  • Rules and requirements for expense reimbursements
  • Best practices for reporting and processing them
  • Which employee reimbursements are legitimate expenses
  • When expense reimbursements or use of company resources must be included in wages
  • Top five reimbursement mistakes made by employers
Access the pre-recorded audio conference
$269.00
 

Would your reimbursement practices stand up to IRS scrutiny?

Do you know which reimbursements for employee expenses should be treated as expenses and which as compensation?

The legal minefield of mishandling employee expense reimbursements has spiked in recent years. In fact, the IRS is cracking down on employer's reimbursement practices and focusing audits on employment-related tax issues.

  • Papa John's pizza franchise was ordered to pay employees a little more than $2.1 million in back wages, unreimbursed expenses, damages and interest.
  • Starbucks paid a reported $3 million to settle a class action lawsuit alleging its travel expense policy violated state wage and hour laws.
  • Polo Ralph Lauren Corp. paid $1.5 million to settle a lawsuit alleging it required workers to wear clothes with distinctive designs without reimbursing them for what they claimed constituted uniforms.

With a growing number of expense related lawsuits and administrative actions, your written policies and procedures must be accurate and specific, every time.

Learning Objectives

Get educated now on the complex rules of employee expense reimbursements in this information-packed webinar. In just 75-minutes you will learn how to spot the holes in your expense-reimbursement policies and procedures before the IRS does.

  • Rules and requirements for expense reimbursements
  • Best practices for reporting and processing them
  • Which employee reimbursements are legitimate expenses
  • When expense reimbursements or use of company resources must be included in wages
  • Top five reimbursement mistakes made by employers
  • The rules for accountable and non-accountable plans
  • Documentation needed to exclude reimbursement from wages
  • The roles of payroll and accounts payable in expense reimbursement processing
  • Best practices for defining policies and per diem rates
  • What to look at when reviewing your processes to detect control issues

Product ID: 13468

Discover How to Bulletproof your Policies and Procedures!

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Faculty

Mark Schwartz
Mark Schwartz
Employment Tax Specialist

Mark Schwartz is an employment tax specialist and has over 10 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 mean to their business.

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Discover How to Bulletproof your Policies and Procedures!

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