www.eventbrite.com Open in urlscan Pro
54.230.163.120  Public Scan

Form analysis
0 forms found in the DOM

Text Content

Skip Main Navigation
Eventbrite
Trigger search event experience
Browse Events
Organize
Help
Log InSign Up
Menu
Page Content


ACTIONS PANEL

 * Like Event
 * Share this event

Wednesday, July 12


REIMBURSING BUSINESS EXPENSES FOR EMPLOYEES - IRS COMPLIANCE

Reimbursing Business Expenses for Employees - IRS Compliance

By GRC Advisory Online
323 followers
Follow


WHEN AND WHERE


DATE AND TIME

Wednesday, July 12 · 5 - 6:30pm UTC


LOCATION

Online


REFUND POLICY

Contact the organizer to request a refund.


ABOUT THIS EVENT

 * 1 hour 30 minutes
 * Mobile eTicket


OVERVIEW:

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
the 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, you will learn how to properly account for and
report expense reimbursements and facilities provided to employees in compliance
with IRS requirements. Discussion includes work-from-home expense reimbursement.




COURSE DESCRIPTION:

This webinar will cover the tax compliance for employee business expense
reimbursements under both accountable and non-accountable employee business
expense plans.

While the Tax Cuts and Jobs Act (TCJA) did not change the treatment of employee
business expenses reimbursed under an accountable plan, employee expenses that
are not reimbursed under an accountable plan may no longer be deducted by the
employee.

During COVID the number of employees working from home increased dramatically.
In some cases, work from home has been extended beyond COVID restrictions.
Reimbursement for work from home expenses have become a consideration for
employers and, under certain state laws, is required. Work from home expense
issues include documentation, taxability, valuation, allowable expenses, and
treatment of allowances.

Accountable plans allow the employer to exclude expense reimbursement from
employee wages. Accountable reimbursement plans have strict documentation and
record-keeping requirements and require timely reporting and return of excess
reimbursements by employees. For certain expenses, per diem arrangements can be
used in lieu of actual substantiation of the amount of expense. 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.






LEARNING OBJECTIVES:

As a result of this session, you should:

 * Know 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 reimbursement



Use Code - "GET10" and get a 10% discount!




WHY SHOULD YOU ATTEND?

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.




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
 * Work from home expense reimbursement
 * 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 / Enrolled Agents
 * Internal Auditors / Tax Compliance Officers
 * Officers and Managers with Tax Compliance Oversight
 * Company / Business Owners
 * Managers / Supervisors
 * Public Agency Managers
 * Audit and Compliance Personnel / Risk Managers


INSTRUCTOR PROFILE:

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, and information return reporting.




REGISTER NOW!

Use Code - "GET10" and get a 10% discount!



Refund Policy:

Attendees may cancel up to two working days prior to the course start date and
the refund will be processed within two working days. GRC Advisory Online will
process/provide refund if the Live Webinar has been cancelled.

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.
Attendees will be notified 24 hours 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. Please leave your name and number for a call back.

We respect feedback/opinions of our customers which enables us to improve our
products and services.

To contact us please email customercare@grcadvisoryonline.com or call
+1-833-827-3272 (Toll Free).


TAGS

 * Online Events
 * Things To Do Online
 * Online Classes
 * Online Business Classes
 * #form_1099
 * #1099_nec
 * #1099_nec_due_diligence
 * #form_1099_misc


ABOUT THE ORGANIZER

Organized by
GRC Advisory Online
323 followers
 * Contact
 * Follow

We are a platform that empowers quality, compliance and risk management
professionals by providing information and knowledge they seek in a simplified
way. 

Website - https://grcadvisoryonline.com/

Organizer website
Report this event


$245 – $670
Get tickets



SITE NAVIGATION


USE EVENTBRITE

 * Create Events
 * Pricing
 * Event Marketing Platform
 * Eventbrite Mobile Ticket App
 * Eventbrite Check-In App
 * Eventbrite App Marketplace
 * Event Registration Software
 * Content Standards
 * FAQs
 * Sitemap


PLAN EVENTS

 * Sell Tickets Online
 * Event Planning
 * Sell Concert Tickets Online
 * Event Payment System
 * Solutions for Professional Services
 * Event Management Software
 * Community Engagement
 * Virtual Events Platform
 * QR Codes for Event Check-In
 * Post your event online


FIND EVENTS

 * Browse Online Events
 * Get the Eventbrite App


CONNECT WITH US

 * Report This Event
 * Help Center
 * Terms
 * Privacy
 * CA Privacy Notice
 * Accessibility
 * Community Guidelines

Eventbrite + Ticketfly

© 2023 Eventbrite