Dent Moses

APRIL 1, 2024

Expense reimbursement remains a significant challenge for many businesses in the accounting landscape. To address these issues, businesses are increasingly turning to software solutions that streamline the reimbursement process and enhance accuracy and efficiency. Please get in touch with your Dent Moses advisor for assistance.

Expense Reimbursements 52

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RogerRossmeisl

OCTOBER 28, 2020

For example, crooked employees might: Steal receipts or cash on hand, Alter or forge checks, Submit fictitious invoices, Pay personal expenses with practice funds, or Cheat on their expense reimbursement requests. Unfortunately, the complexity of medical practice paperwork discourages many physicians from involvement.

Expense Reimbursements 147

Expense Reimbursements Healthcare CPA 147

Patriot Software

OCTOBER 14, 2022

Sometimes, an employee might pay for a business expense out of their own pocket. When that happens, you can reimburse the employee. An employee expense reimbursement does come with some complications. Are reimbursements taxable? Do you need to report the reimbursement? What are expense reimbursements?

Employee Expense Reimbursement 100

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CPA Practice

DECEMBER 22, 2023

Inappropriate Personal Spending/Expense Reimbursement This form of asset misappropriation refers to when an employee uses company credit cards and/or funds for personal expenses, submits expense reimbursement requests for non-business related purchases or makes purchases in excess of normal spending policies.

Expense Reimbursements 117

Expense Reimbursements payroll financial statements general ledger 117

Patriot Software

AUGUST 30, 2022

Adoption assistance benefits are payments and expense reimbursements employers provide to employees […] READ MORE. If so, read on to review the benefits of providing adoption assistance and the steps you need to take. What are adoption assistance benefits?

Expense Reimbursements 97

Expense Reimbursements payroll 97

SkagitCountyTaxServices

MARCH 26, 2025

If youre a consultant, you own a creative business, or you own a trade business hiring subcontractors: Look for 1099 payment processing and expense reimbursement options.

payroll 69

payroll payroll tax Expense Reimbursements Technology 69

CPA Practice

JULY 24, 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

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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

CTP

JANUARY 22, 2025

Like many HRAs, defined contribution HRAs can utilize an annual benefit card, so employees can pay for qualified expenses immediately as long as they fall under that set limitwhether thats $1,000 or $2,000 or any other amount. The same is true for out-of-pocket expense reimbursement.

Tax 89

Tax Expense Reimbursements Non-Profits accountant 89

Katz,Sapper&Miller

MAY 4, 2020

On April 30, the IRS issued Notice 2020-32, which states that the expenses that provide the basis for loan forgiveness under the Paycheck Protection Program (PPP) will be non-deductible.

Expense Reimbursements 54

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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

Randal DeHart

AUGUST 18, 2023

Expense reimbursement fraud is the last thing you want to face. Here we discuss employee expense fraud, the reasons behind it, and, most importantly, how to prevent it from happening to your construction business. As a small business owner, you always look to keep your company running efficiently.

Construction 84

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PYMNTS

NOVEMBER 8, 2020

The release says the expensemanager solution will help fill a hole in the market for a mid-market option to automate the expense reimbursement process as well as purchase orders and supplier invoice, receipt, approval and payment process.

Expense Management 79

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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

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Airbase

JANUARY 11, 2023

At Airbase, we’ve heard stories about the problems that our customers used to have when closing the books, with entries for spend flooding in from all areas on corporate cards, via purchase orders, and from expense reimbursement requests.

Technology 130

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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

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SMBAccountant

NOVEMBER 17, 2021

This can include deductions for Social Security, Medicare, federal and state income taxes, health insurance, 401k, child support, expense reimbursements, and many others. When posting the net pay as the business’s expense, all those deductions that were paid by the employee are reducing the company’s expense.

payroll 130

payroll payroll tax income tax Expense Reimbursements 130

ThomsonReuters

MAY 4, 2023

29, 2023) Available at [link] The IRS Chief Counsel’s office has released a memorandum that addresses the substantiation requirements for medical and dependent care expenses and the consequences of various substantiation shortcuts. IRS Chief Counsel Memorandum 202317020 (Mar. The memo addresses six situations.

Expense Reimbursements 69

Expense Reimbursements audit Tax Sales 69

ThomsonReuters

APRIL 13, 2023

Expenses that merely benefit an individual’s general health or well-being are not considered to be for medical care (see our Checkpoint article ). For more information, see EBIA’s Cafeteria Plans manual at Sections XX.D (“Expenses Reimbursed Must Be for Medical Care”), XX.L.4

Expense Reimbursements 98

Expense Reimbursements Tax accounted Account 98

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

ThomsonReuters

APRIL 28, 2022

However, it reminds administrators of the importance of obtaining adequate and appropriate substantiation before reimbursing otherwise personal items and highlights the additional challenges involved with dual-purpose expenses.

Expense Reimbursements 105

Expense Reimbursements Tax accounted Account 105

Withum

FEBRUARY 19, 2025

Expense Reimbursement: Employees are generally reimbursed for business expenses, while independent contractors are not. Financial Control I nvestment: Independent contractors often have a significant investment in their own equipment and tools, whereas employees use equipment provided by the employer.

Tax 52

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ThomsonReuters

JULY 29, 2021

These types of payments could potentially be reimbursable. For more information, see EBIA’s Cafeteria Plans manual at Sections XX.D (“Expenses Reimbursed Must Be for Medical Care”) and XX.H (“Health FSAs Cannot Reimburse Insurance Premiums”).

Expense Reimbursements 98

Expense Reimbursements Tax accounted Account 98

PYMNTS

JANUARY 6, 2021

One of the most popular is to link a T&E solution to a corporate card product to facilitate integration of payment information; another strategy is to allow for employees to use personal payment methods and capture data after the fact to facilitate expense reimbursements.

Expense Reimbursements 112

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ThomsonReuters

FEBRUARY 24, 2022

A deceased employee’s balance may not be used to reimburse the medical expenses of anyone other than those individuals (there is a limited exception for certain state governmental HRAs), or paid for any reason other than medical expense reimbursement. 12 (“Forfeit Account Balances or Permit Spend-Downs?”), XXII.C.2

Expense Reimbursements 91

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CTP

JANUARY 22, 2025

However, with the defined contribution HRA, everyone is eligible for out-of-pocket expense reimbursement or an annual benefit card regardless of where they have insurance. One key restriction to note is that you must be paying for your own health insurance out-of-pocket to be eligible for the premium stipend.

Tax 52

Tax Expense Reimbursements Non-Profits corporation tax 52

ThomsonReuters

MARCH 23, 2023

They also remind administrators of the importance of obtaining adequate and appropriate substantiation before reimbursing claims and highlight the challenges involved with certain expenses.

Expense Reimbursements 98

Expense Reimbursements Tax accounted Account 98

ThomsonReuters

SEPTEMBER 30, 2022

For more information, see EBIA’s Fringe Benefits manual at Section XXI.G (“Travel Expense Reimbursements: Substantiation”). If substantiation is required, any unsubstantiated portion of the allowance must be returned or treated as taxable wages. Contributing Editors: EBIA Staff.

Expense Reimbursements 93

Expense Reimbursements Transportation Tax accounted 93

PYMNTS

NOVEMBER 9, 2020

The partnership, which makes expensemanager the first local Australian partner for Sage Intacct, will allow customers a streamlined integration method while providing a mid-market option to automate the expense reimbursement process. UK Digital Bank Starling Launches New Capital Drive as Founder Anne Boden Eyes IPO.

Finance 76

Finance B2B Expense Reimbursements Expense Management 76

PYMNTS

APRIL 2, 2019

The pilot, Visa added, is focused on treasury banks interested in contractor payouts and out-of-pocket expense reimbursements that can be sent directly to a recipient’s eligible debit card, as transactions are done through Visa’s real-time push payments solution. The pilot program is slated to debut in the Fall of 2019.

NetSuite 80

NetSuite Expense Reimbursements 80

Withum

NOVEMBER 3, 2022

With the audit underway, and as Jack evaluated the union’s process, they found that among Sherry’s responsibilities, she reviewed and approved employee expense reimbursements, processed payroll (through which employee reimbursements were processed), and managed special events.

Employee Expense Reimbursement 52

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ThomsonReuters

FEBRUARY 23, 2023

For instance, if a client repeatedly fails to properly record their business expenses, explain to them why it is important to be compliant. Then introduce them to a tool they can use, like an expense reimbursement worksheet, to help change their behavior.

Tax 105

Tax Expense Reimbursements Education accountant 105

PYMNTS

OCTOBER 29, 2020

Smart cards are gaining popularity in the business world as the pandemic appears to be exacerbating the pre-existing problem of employees spending significant sums in the services of their companies only to then have to battle expense-reimbursement systems to get their money back.

Expense Management 70

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LSLCPAs

NOVEMBER 8, 2022

We advise our clients to keep their HSA funds in the account and not to withdraw funds for medical expense reimbursement. To withdraw or not to withdraw funds from your HSA: what should you do? Here’s why: The HSA can be invested and the investment earnings grow tax free. It is even better than a.

Expense Reimbursements 52

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ThomsonReuters

FEBRUARY 23, 2023

For instance, if a client repeatedly fails to properly record their business expenses, explain to them why it is important to be compliant. Then introduce them to a tool they can use, like an expense reimbursement worksheet, to help change their behavior.

Tax 98

Tax Expense Reimbursements Education accountant 98

Xero

SEPTEMBER 28, 2022

For example, expense management apps make it faster than ever to review expenses, reimburse employees, and close your books each month. Apps help support flexible working. Cloud based apps make it easy to work from wherever you need to be.

Technology 105

Technology Expense Reimbursements payroll Expense Management 105

ThomsonReuters

MARCH 11, 2021

For more information, see EBIA’s Fringe Benefits manual at Sections II.E (“Employee Business Expense Reimbursements”) and XXI.G (“Travel Expense Reimbursements: Substantiation”). The post What Are the Tax Consequences of Providing Per Diem Payments for Employee Travel Expenses? Contributing Editors: EBIA Staff.

Expense Reimbursements 59

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