Taxation questions for all employers and companies are a continuous struggle. Companies are always looking for ways to promote and keep key talent in their organizations. To do this more companies are giving their leadership/executive teams more fringe benefits versus just compensation. Because of the rise in such fringe benefits it is becoming more critical for payroll professionals to understand special payment and or deductions that executive teams could be receiving and the tax implications of such benefits.
This webinar will give a detail review of different types of executive specific payments and/or deductions and the best methods to handle the taxation of such payments.
- Overview of company car and taxation methods
- Details of aircraft usage for personal reasons versus business
- Different types of reimbursements such as insurance premiums, personal travel, tax planning & or preparation fees etc.
- Relocation taxation and distance test
- Review of stock options, incentive stock options, restricted stock etc.
- Bonuses how they should be taxed
- How deferred compensation plans work for executive.
- Different termination pays for executives
- Year end reporting concerns and what to watch out for
Dayna is currently the Payroll Tax Manager at PetSmart Inc. Dayna has been heavily involved in the payroll field over 15 years. Starting as a payroll clerk at a small Tucson company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc. During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. She also received several merit awards for Customer Service and Acquisitions and Divestitures. Dayna is no stranger to teach... View Full Profile
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This program has been approved for credit hours through the HR Certification Institute. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
Aurora Training Advantage is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.