Learn about the different types of employee expenses, what needs to be reimbursed, and the legal issues that may arise.
In today’s business environment, it is imperative to ensure the business is compliant with employee expenses. When an employee incurs expenses on behalf of your business, how should they be reimbursed and what qualifies as a reimbursable expense? It is a morale issue, an ethical issue, and has legal considerations. Under the federal law, it is required for employers to reimburse employees to ensure that any expenses incurred by them does not bring their take home pay below the cost of minimum wage, calculated as the net amount an employee collects after any costs they incur that are necessary for business. Failure to reimburse employees adequately can open your business to lawsuits and financial penalties under the Fair Labor Standards Act (FLSA). And there are state requirements that you will have to review as well. In topic, we will spend our time discussing the federal law and IRS code. This infor-mation will help you be able to find out what type of employee expenses there are and what needs to be reimbursed as well as the legal issues arising out of employee expenses.
Learning Objectives
- You will be able to describe the appropriate employee expenses as it is reviewed by the IRS.
- You will be able to review the employee expense policy and the topics needed.
- You will be able to recognize the importance of having an employee expense policy.
- You will be able to identify the importance of having an employee expense policy.
Agenda
Employee Expenses
- What Is This?
- Why Is This Important?
Employee Expense Policy
- Topics for This Type of Policy
- How Much Detail Is Needed?
- Recent and Upcoming Policy Changes
Issues Arising From Employee Expenses
- Employee Expenses Scams and How to Avoid Them
- How to Keep Expense Costs Down
- Common Expense Mistakes
- Proper Documentation
Speakers
Jackie A. Sexson,
Fortune 200- Compliance manager with Fortune 200 company
- Former executive director with the legal and human resources consulting firm, The Sexson Group
- Extensive experience in employment and labor law, as well as human resources
- Has a legal and HR background in employee relations, performance management (360-degree feedback), organizational management, benefits administration, recruitment and selection, compensation, equal employment opportunity, and training and development
- Experience with the public sector, Fortune 500 companies and small startup companies
- Held director and executive level positions, and worked as an independent consultant
- Certified as a senior professional in human resources by the Society for Human Resources Management
- J.D. and M.B.A. degrees
- Can be contacted at 303-513-6018 or jackie80504@gmail.com
Who Should Attend
This live webinar is designed for human resource managers, payroll managers, controllers, CFOs, accountants, business owners and managers, accounts payable managers, presidents and vice presidents, tax professionals and bookkeepers.
