Travel Pay, Travel Expense Reimbursement and Liability for the Acts of Employees
This program has been approved NASBA & IRS CPE Credit 2(Taxes)
What are the rules regarding when an employee must be compensated for time and expenses incurred while traveling on company business? They are so complex and confusing! Issues include employee use of his or her own vehicle, use of company owned vehicles, proper administration of and accounting for travel pay, and the best way to handle suspected abuses by employees of an employer's travel & entertainment policy.
Experienced CGMA and businessman Miles Hutchinson will review the law regarding travel compensation and travel & expense reimbursement. He will provide practical guidance for reducing wage and hour claims and IRS scrutiny.
Why Should You Attend:
Upon completion of this course, you will be able to:
- How does employee exempt or non-exempt status under the FLSA affect travel compensation?
- The Fair Labor Standards Act & Portal Act requirements regarding travel pay
- What is the appropriate rate of travel pay
- When is travel between assignments compensable?
- Reimbursement and compensation rules for extended assignments at temporary locations
- Specific rules for overnight travel
- Travel, entertainment, gift & car expense reimbursements
- Accountable Vs non-accountable plan payments
- The travel advance trap and how to avoid it
- Employer policy manual""communicating travel policies
- Employer's liability to employees and third parties for damages arising from company travel
- Recognize when and how you must compensate employees for travel time.
- Recognize how to comply with the requirements under the Portal Act
- Apply the most current IRS travel expense documentation requirements
- Identify employer liability for accidents of traveling employees
- Define when employee meals are 100% deductible and when they are only 50% deductible
- Recognize the limitations when personal and business travel and entertainment are mixed
- Create records that will stand the scrutiny of a compensation or tax audit
Credits and Other information:
- Recommended CPE credit – 2.0
- Recommended field of study – Specialized Knowledge
- Session Prerequisites and preparation: None
- Session learning level: Basic
- Location: Virtual/Online
- Delivery method: Group Internet Based
- NASBA Sponsor: 146439
- IRS Course ID: PJGWS
- Attendance Requirement: Yes
- Session Duration: 2 Hours
- Case Studies and Live Q&A session with speaker
- PowerPoint presentation for reference
Who Will Benefit:
- Payroll Managers
- Financial Officers
- Financial Analysts
- Risk Officers
- Payroll Managers
- HR Professional
- Staff with roles and responsibilities in payroll and expense reimbursement
Coder Archives 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.