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Employee Expense Reimbursement Under TC&JA: What’s Allowable Now

On-Demand Recording

Now’s the time to update your employee expense reimbursement plans if you haven’t already, given significant changes under the Tax Cuts and Jobs Act. The new rules disallow tax deductions for some commonly reimbursed business expenses.

Employee expense reimbursements that aren't handled accurately can wind up being disallowed as expenses, or even considered as compensation by the IRS. If this happens, your company is on the hook for paying the associated payroll taxes - costing you more money as well as any penalties! Don't take chances with your expense reimbursement plan for employees and independent contractors. Join our live, 75-minute webinar to discover:
  • What’s now allowable and what’s taxable under the TC&JA
  • What makes an "Accountable Plan" - Guidelines to help you in 2019
  • Your options for calculating and reporting taxable expenses to the IRS
  • Keys to taxing reimbursements: What's an expense vs. compensation
  • High on the audit list: Detailed rules for specific reimbursement types

IRS' New Rules for Employee & Independent Contractor Expense Reimbursement

  • Changes payroll, A/P and HR need to know now
  • IRS reimbursement requirements for taxing employee expenses
  • Expense reimbursement plans: Accountable vs. non-accountable
  • Stay off the audit list: Rules on specific types of reimbursement

Requirements for Reimbursements: Expense vs. Compensation

  • Tips & tools to calculate taxable expenses - before the IRS does!
  • Payroll taxation considerations: When reimbursements count as income
  • Personal use of company property: Vehicles, cell phones and more

Best Practices for Processing and Documenting Expenses: Key to Preventing Fraud

  • Substantiation and documentation: Excluding reimbursement from wages
  • Identifying employee fraud: Clear warning signs to be aware of
  • Methods for timely processing and collection of excess advance funds

Live Question & Answer Session - Have your questions answered by the expert!

Program Benefits

Join us for this 75-minute webinar to discover the legal and financial risks of improper reimbursement procedures and gain practical tips and tools to ensure your policies are in order.

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