If employee expense reimbursements do not meet IRS guidelines, they may be disallowed as expenses and considered compensation to those employees, leaving your organization responsible for the associated payroll taxes – plus any penalties.

This training session will help you to recognize – and accurately report – employee expense reimbursements.

Learning Objectives:

This course covers the rules and requirements for expense reimbursements, as well as best practices for processing expense reimbursements either in payroll or accounts payable, and covers:

• IRS expense reimbursement requirements
• Whether employee expense reimbursements should be run through payroll or accounts payable
• Which payments being made to your employees may be subject to payroll taxes
• Accountable plan rules – and how they apply to employee travel and expense reimbursements
• How employee business expenses made under accountable plans can be excluded from an employee’s gross income
• The accounting issues associated with the use of per diems
• Other payroll best practices
• How to determine the scope and potential areas of focus for your audit
• How to identify any areas of concern prior to an external audit or an audit by another group within your company
• Common areas where mistakes or issues can normally be found
• How a review can help you detect internal control issues
• Where to go to for assistance so you’re not re-creating the wheel
• Devising a game plan on what you want to review and how to divide and conquer