Chat with us, powered by LiveChat

T&E Best Practices to Ensure Compliance with IRS Regs-Video

Price: $14.99

CPE Credits: 1.0

Category: ,

Course Number: VAATECMS

T&E Compliance with IRS

Description: Complying with IRS Regs regarding expense reimbursements just got a whole lot harder. Organizations everywhere are eyeing the bottom line and insisting on rigid travel & entertainment policy compliance. The IRS is taking an equally harsh stance tightening the rules.  Compliance must now be not only with the company policies but also IRS rules. Otherwise, you could end up answering not only to the CFO but also the IRS–and that can be truly ugly. Guarantee your company is compliant with the latest travel & expense issues.

Topics Covered:

  • Guidelines for an accountable plan
  • Documentation requirements
  • IRS guidelines for reasonableness
  • A discussion of some bank products that help stop electronic payment fraud
  • Reimbursement practices when employees use their own car, motorcycle or private plane
  • Receipt requirements and where you might have some flexibility
  • Per-diems
  • Mileage reimbursements when employee uses his/her own car
  • What to do when an employee loses a receipt
  • Best Practices

This is a rebroadcast of a webinar. There are accompanying PowerPoint slides.

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Mary S. Schaeffer

Publication: July 2018

Format: Video
Run Time: 55:53 minutes

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Understand the new rules regarding deductibility of meals and entertainment under the new Tax Law
  • Evaluate the guidelines you need to adhere to if your company’s T&E expenses are to be deductible on the tax return
  • Explain to your employees why you shouldn’t reimburse above the IRS guidelines
  • Create an IRS-compliant travel policy
  • Incorporate best practices in your T&E policy & procedures so they are IRS compliant

Description: Complying with IRS Regs regarding expense reimbursements just got a whole lot harder. Organizations everywhere are eyeing the bottom line and insisting on rigid travel & entertainment policy compliance. The IRS is taking an equally harsh stance tightening the rules.  Compliance must now be not only with the company policies but also IRS rules. Otherwise, you could end up answering not only to the CFO but also the IRS–and that can be truly ugly. Guarantee your company is compliant with the latest travel & expense issues.

Topics Covered:

  • Guidelines for an accountable plan
  • Documentation requirements
  • IRS guidelines for reasonableness
  • A discussion of some bank products that help stop electronic payment fraud
  • Reimbursement practices when employees use their own car, motorcycle or private plane
  • Receipt requirements and where you might have some flexibility
  • Per-diems
  • Mileage reimbursements when employee uses his/her own car
  • What to do when an employee loses a receipt
  • Best Practices

This is a rebroadcast of a webinar. There are accompanying PowerPoint slides.

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Mary S. Schaeffer

Publication: July 2018

Format: Video
Run Time: 55:53 minutes

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Understand the new rules regarding deductibility of meals and entertainment under the new Tax Law
  • Evaluate the guidelines you need to adhere to if your company’s T&E expenses are to be deductible on the tax return
  • Explain to your employees why you shouldn’t reimburse above the IRS guidelines
  • Create an IRS-compliant travel policy
  • Incorporate best practices in your T&E policy & procedures so they are IRS compliant
  • ” This was my first experience with CPASelfStudy.com and I was very impressed. I will definitely consider taking CPE through CPASelfStudy.com in the future.”   12/2017

    - Christopher Q.

  • “I am extremely impressed with the courses and the reasonable price.” -Janet A. May 2017

    - Janet

  • “It is rare that i can actually say that I enjoyed a CPE course but I found this one informative and very interesting, relying more on the author’s examples and not just quoting tax code!  [Healthcare Reform: The affordable Care Act Tax Provisions]

    - Thomas