Details
Distinguishing between employee expense reimbursements
that should be categorized as expenses and those that should be considered
compensation is crucial. Failure to adhere to IRS guidelines regarding employee
expense reimbursements could result in disallowance of these expenses and their
reclassification as compensation for the employees. In such instances, your
organization would be liable for payroll taxes and potential penalties.
Therefore, it's essential to accurately classify and handle employee expense
reimbursements to avoid financial and regulatory repercussions.
Key areas:-
This training session will help you to recognize - and
accurately report - employee expense reimbursements. By attending, you will
learn:
- Outline of the rules and
requirements governing expense reimbursements, including best practices
for Accountable Plans, Per Diems, and Advance Accounting
- Best practices for processing
expense reimbursements either in payroll or accounts payable
- Per diems and advance accounting:
when are they best used; how to account for them; when they become
compensation versus an allowable business expense
- Recommended procedures for giving
employees an advance prior to traveling
- Best Practices for processing
employee expense reimbursements
Why should you attend:
Guidelines for expense reimbursements encompass various
aspects such as Accountable Plans, Per Diems, and Advance Accounting. Best
practices entail efficiently processing reimbursements either through payroll
or accounts payable systems. Determining the optimal utilization of Per Diems
and advance accounting methods involves understanding when they are most
suitable, how to account for them accurately, and recognizing when they
transition from being considered allowable business expenses to compensation.
Recommended procedures for issuing travel advances to employees prior to their
trips should be established to streamline the process effectively. Overall,
adhering to recommended procedures ensures smooth processing of employee
expense reimbursements.
Who should attend?
·
Payroll
Executives/Managers/Administrators/Professionals/Practitioners/Entry Level
Personnel
·
Human Resources
Executives/Managers/Administrators
·
Accounting Personnel
·
Business
Owners/Executive Officers/Operations and Departmental Managers
·
Lawmakers
·
Attorneys/Legal
Professionals
·
Any individual or entity
that must deal with the complexities and requirements of Payroll compliance
issues
Credits
-
JIT Trainings is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® or SHRM-SCP® recertification activities.
Dayna Reum
F.A.Q
What is a Live webinar/Training Course?
Live training course/ webinar is an Online training seminar which you can access through your computer and laptop or phone and directly interact with our expert speaker and allow to ask questions during the Live webinar. Conference material used by our speaker to the Live webinar will be provide with your Instruction kit before the Training.
What is a Recorded webinar/ Training Course?
Recorded webinars or On-Demand are self-paced audio-visual training program that you can watch at your own pace to earn Continuing Education Units (if applicable). Online, recorded training courses are accessible whenever you choose, for an unlimited number of times. Additionally, you have three months from the purchase date to watch as many times as you like. After a live training or webinar has started, you will receive the instructions and link to access the recorded training course. If it has already been recorded, you can access it right away.
How do I register/purchase training?
Browse our website and choose your interest of webinar and product, select the quantity, click on the ‘Add to Cart’ button to purchase it and check cart option. Enter the asked details to create an account on our website. These details are required in order to deliver you the product. Pay through our 100% secure payment methods. Choose paying by PayPal account or Debit/Credit card.
How do I watch/attend the training course?
Live Training Course- You will get the Live webinar Instruction kit with the joining link one day prior to the Live webinar on your registered email address. Recorded Training Course - You can watch your recorded session by accessing the link which will be provided in instruction kit through your email, or you can access your recorded session link in your registered account.
What are the system requirements to attend a live/Recorded Training Course?
You can easily access your webinars by computer and laptop or with your phone.
What happens if I am unable to join the webinar or live training course?
No need to worry! Your Live Training purchase will be automatically changed in the Recorded webinar which you can watch anytime at per your convenience in your registered account or through Instruction kit on your email. You can directly contact us through chat box or by email support@jittrainings.com regarding the changes.
When and how will I receive information on how to participate in live Training Course or Recorded Training Course?
Live Training Course– You will receive instruction kit one day prior to the Live webinar on your registered email address. Recorded Training Course– Instruction kit to access the Recorded Training Course will be emailed on your registered email address after 24 hours of the Live webinar and in case of pre-recorded webinar you will get your Instructions after 12 hours of your purchase.
Are there any discounts offered for training a group or multiple participants?
Yes. Our group participant training choices are created with large audiences in mind and offer cost-effective options. To learn more, contact us via chat or at support@jittrainings.com.
What are the various modes of payment?
We accept following forms of payment methods: All major credit cards and debit cards are accepted through Stripe - Visa, MasterCard, Discover, American Express etc. We accept payments through PayPal, Invoices. - Email us on support@jittrainings.com or chat with us to know about it.
Why have I not received the Email invitation with the link for the webinar?
Please verify that the email address you provided when joining up with us is accurate. If so, kindly check to see if the email was delivered to your spam or bulk mail folder. If you are still unable to locate this email, we kindly ask that you get in touch with our customer support team by phone or email using the information on the Contact Us page.
Can I share my recorded webinar access link or content with my other colleagues?
The terms and conditions established prior to the purchase were clear that the link supplied was just for your use. Anyone else you know who wants to watch this recorded webinar must do so on their own dime. The recorded webinar is only available as a streaming option; downloading is not permitted.
Reviews
No reviews yet.
-
Recorded$ 155
-
E-transcript$ 155
-
Recorded + E-transcript$ 175
-
Recorded with Copyright$ 195
