Exploring Client Advisory Services - Fringe Benefits & Expense Reimbursements
Available Until
Self-study
1.00 Credits
Member Price $49.00
Non-Member Price $79.00
Overview
Due to hybrid and remote work environments, many companies are rethinking their employee reimbursement policies. Therefore, it is imperative for practitioners to know which expenses are reimbursable, the impact of these expenses on the W-2, and proper substantiation requirements. Using easy to follow examples and discussion, this course will explore these topics as well as which fringe benefits need to be added back into the W-2 - and which do not. We will also identify some best practices so you will be well prepared for the next client question that comes your way.
Highlights
- Exempt Fringe Benefits
- Taxable Fringe Benefits
- Fringe Benefits & 2% S
- Corp Shareholders
- End of the Year Employer Obligations
- Accountable vs Non
- Accountable Plans
- Substantiation of Business Expenses
- Travel Expenses
- Business Expenses
- Strict Substantiation
- Best Practices
- Summing It Up
Prerequisites
None
Designed For
Tax practitioners, small business owners, and other accountants looking to serve their companies or clients in the areas of payroll services or operations.
Objectives
- Identify which expenses must be reported in employee/contractor income.
- Recognize the difference between accountable and non
- accountable plans.
- Recall strict substantiation requirements.
- best practices for documenting employee expenses.
Preparation
None
Notice
This is a self-study/on demand course offered by a 3rd party vendor. Course access information will be emailed directly to you by Peters Professional Education (PPE). The course expires one year from the purchase date.
Leader(s):
Leader Bios
David Peters, Peters Professional Education LLC
DAVID R. PETERS, CPA, CFP, MST, CPCU, CLU
David Peters is the Founder and Owner of Peters Professional Education and Peters Tax Preparation & Consulting, PC. He is also a financial advisor for Peters Financial, LLC. David has over twenty years of experience in financial services, including 3 years in the hedge fund industry and 14 years in the insurance industry. David was the first-ever Chief Financial Officer at Compare.com - a position he held for more than three years.
In addition to running his own professional education website, David is a National Instructor for the AICPA, Surgent, Kaplan, and Don Farmer Tax Seminars. He was a recipient of Surgent's Outstanding Discussion Leader award in 2019 and 2022, as well as the AICPA's Outstanding Facilitator Award in 2021 and 2023. He regularly teaches courses in accounting, finance, insurance, financial planning, and ethics throughout the United States. David holds four masters degrees, and is currently pursuing his PhD in Financial Planning. He contributes regularly to various CPA publications, including NCACPA's Interim Report, SCACPA's CPA Report, and VSCPA's Disclosures. David was also a co-author of the 2018, 2019, and 2020 Virginia CPA Ethics courses - a required course for all CPA's licensed in the Commonwealth of Virginia.
- Website: www.petersprofessionaleducation.com
- YouTube: www.youtube.com/@DavidPetersFinancial
- LinkedIn Company: https://www.linkedin.com/company/95657499/admin/analytics/updates/
- LinkedIn Personal: https://www.linkedin.com/in/david-peters-financial/
- Facebook: https://www.facebook.com/davidpetersfinancial
- Twitter/X: https://x.com/DavidPFinancial
Non-Member Price $79.00
Member Price $49.00