This webinar will help you develop an Accountable Plan for reimbursing employees and maintaining adequate accounting records thereby solidifying the T&E expense deductions on the company’s annual income tax return.

Our helpful tips will be useful in training not only employees seeking reimbursement, but also the accounts payable staff reviewing the monthly employee expense reports, and tax staff reviewing records prior to preparation of the Federal income tax return.

Agenda:-

• Deductible and Non-deductible Meals 
• Developing a Fool-Proof Accountable Plan
• Records and Documents Needed for Meals Expenses
• Records and Documents Needed for Travel Away from Home
• Documents Needed When Reimbursing Expenses Using the Per Diem Method
• Records and Documents Needed for Use of Employee’s Vehicles
• Records and Documents Needed for Company Vehicles
• Which Employee Reimbursements are Taxable Wages
• Which Contractor Reimbursements go into Form 1099

Learning Objectives:-

• Deductible and Non-deductible Meals 
• Developing a Fool-Proof Accountable Plan
• Documents Needed When Reimbursing Expenses