CPA Practice

AUGUST 7, 2023

Justworks, a benefits, payroll and HR technology provider, has launched Expenses, an expense management tool that Justworks PEO customers can use to process expense reimbursement requests alongside payroll. Expenses consolidates tools and minimizes the risk of error when reimbursing employees for out of pocket expenses.

Expense Management 94

Expense Management Expense Reimbursements Approval Workflows payroll 94

SkagitCountyTaxServices

MAY 12, 2021

You probably didn’t realize that there are actual pros and cons to expense reimbursement for employees, etc. Now, let’s dive into handling business expenses paid by employees. If you’ll forgive me, I’m going to get pretty geeky today. or using a company cc. You gotta spend money to make money.

Expense Reimbursements 40

Expense Reimbursements Employee Expense Reimbursement Tax audit 40

Withum

OCTOBER 7, 2024

Expenses paid under an accountable plan are not treated as income to the employee. If not properly reported and documented, business-related expense reimbursements can be considered taxable compensation to employees and therefore subject to applicable payroll taxes. What is an accountable plan?

Expense Reimbursements 59

Expense Reimbursements Account accounted accountant 59

Withum

JULY 20, 2022

Expense reimbursement schemes (11% of cases) – an employee submits and gets reimbursed for fictious or personal expenses via the company’s expense reimbursement process. Non-cash schemes (18% of cases) – theft of physical assets, investments, or proprietary information. Corruption.

Expense Reimbursements 81

Expense Reimbursements financial statements public accounting Education 81

CPA Practice

MARCH 18, 2024

This miscellaneous expense deduction was suspended from 2018 through 2025, but will be revived by the TCJA in 2026. Moving expense reimbursements: A special tax code provision provided a tax exclusion for moving expense reimbursements provided by employers to employees.

Tax 106

Tax Expense Reimbursements income tax 106

Withum

NOVEMBER 3, 2022

In past years, the annual audit was performed by a CPA who was an income tax practitioner. When selecting the new firm, ACME CPAs, management chose a firm and practitioners who specialized in financial audits with an emphasis in labor union/not-for-profit organizations. Contact Us. Let’s Chat.

Employee Expense Reimbursement 52

Employee Expense Reimbursement Expense Reimbursements Employee Reimbursement Software cpas 52

CPA Practice

APRIL 4, 2024

Kroger used his position as chief executive manager of Lone Star to transfer more than $480,000 from Lone Star’s bank account to his personal bank accounts between November 2019 and February 2020, each with a memo line of “loan” or “expense reimbursement.”

Real Estate 74

Real Estate Account accounted accountant 74

PYMNTS

SEPTEMBER 16, 2019

However, according to Dawn Brolin, CPA, CPE and executive vice president of business development and compliance at Out Of The Box Technology , there is another, perhaps more ironic factor behind small businesses’ struggle to embrace innovative tech: a lack of human services and face-to-face interactions.

Technology 53

Technology Accounts Payable Automation accounts payable Expense Reimbursements 53

CPA Practice

FEBRUARY 9, 2023

Nobody has to contend with a manual expense reimbursement process, and the company gets the rebates. Whether they’re issued by the company, or people use their own cards and get reimbursed, they’re still considered a convenient way to pay for non-invoiced spending. Nobody has to float the company money.

Expense Reimbursements 52

Expense Reimbursements Technology Sales Expense Management 52