Employee Business Expense Reimbursement

As an employer, you know that keeping your workforce happy and productive is key to running a successful enterprise. One way to achieve this is by offering streamlined employee reimbursement programs that eradicate long processes and time delays.

Employers do often provide 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

• Determine whether an expense reimbursement qualifies for exclusion from employee wages
  
• How to track employee expense reimbursements and What Are the Rules for Reimbursement?
• 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

Who Will Benefit:

• HR Professionals
  
• 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