Creating an Effective and Efficient Travel and Entertainment Expense Reimbursement Policy
Thinking that all your employees have good common sense and therefore you don’t really need a detailed travel and entertainment expense reimbursement policy can get your organization in trouble on two fronts. First, inevitably, there will be a few employees who have a very-skewed idea of what is reasonable when the company is paying. And secondly, if you don’t hold them accountable for their behavior and actions, the company could run afoul of the IRS by endangering the accountable plan status.
Please note: This session will address the restrictions on Entertainment due to changes in the Tax Cut & Jobs Act.
In this session, attendees will learn how to create a plan that protects the organization while providing reasonable travel and entertainment accommodations for their employees. After this session you will be able to:
- Craft a strong travel and entertainment policy
- Identify issues missing from your current policy
- Address effectively all the issues that should be included in an suitable corporate travel policy
- Create an appropriate auditing process of employee expense reports
- Effectively update your existing policy
- Pinpoint weak language in your current policy and tighten it to stop cash leaks
- Address employee fraud issues by creating stronger policies
- Increase policy compliance through the use of appropriate policies
- Prevent ambiguity in policies that create problems
- Learn to Craft a strong travel and entertainment policy
- Learn to Create an appropriate auditing process of employee expense reports
- Learn to Effectively update your existing policy
Mary S. Schaeffer is the founder of AP Now, a B2B organization focused on creating business intelligence around the accounts payable and payment functions. She has written 18 business books and is a frequent and popular speaker at both online and live events. Schaeffer has created a number of CPE self-study courses, customized training and online training events. She is the developer of the Accounts Payable Best Practice Certificate program. Previously she held positions as an Assistant Treasure... View Full Profile
Aurora Training Advantage is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
For more information regarding administrative policies such as complaint and refund, and cancellation please contact our offices at 407-542-4317 or firstname.lastname@example.org.
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.