Fringe Benefits Taxation & Reporting Rules & Guidelines

Price: $ + applicable taxes

There are several ways to reward employees other than wages, and smart employers understand the importance and role of additional benefits. But, you need to understand the real cost of the various types of fringe benefits to your organization.

Fringe Benefits must be properly valued and handled, or you risk triggering additional tax expenses and payroll audits. IRS has specific rules covering the diverse types of benefits, and its essential payroll professionals stay on top of the latest requirements. In our 75-minute program we’ll cover what to tax and report to keep your company in compliance. Join us as we discuss:

Distinguishing fringe benefits from expense reimbursements
Which benefits are taxable, and which are excludable
Taxation & reporting requirements for fringe benefits
Tips for handling executive compensation and “perks’
Keys to avoiding audits: Payroll tax and personal income

Program Highlights

Latest IRS Rules for Common & Specialty Fringe Benefits

De Minimis benefits: How to define what falls under this category
Tax issues: Meals, travel, lodging, and entertainment
Changes to qualified transportation benefits compliance tips
Paying for employee relocation and moving expenses
Handling adoption assistance and dependent care assistance
Look at employee discounts, awards and athletic facilities
Understanding cafeteria plans and GTL insurance

Fringe Benefits Compliance Checklist: What to Tax & Report

How to properly value a fringe benefit
Keys to accurately report fringe benefits paid to workers
Which benefits are now taxable - and which aren’t
Withhold guidelines for payroll
Reimbursement plans: Pitfalls to avoid

Question and Answer Session - Hear expert answers to real-world questions!

About the Speaker

Mark Schwartz has over 15 years of experience in state and federal payroll tax audits, collections, and payroll consulting.

As an auditor, Mark prided himself on his ability to educate his auditees on state and federal payroll tax requirements. Whatever issues he found in audits, he ensured the auditee knew how to comply in the future. He worked to minimize company disruptions in the audit process.
In addition to his real-life experiences, Mark has a Masters in Business Administration, and currently uses his entertaining and helpful personality to help organizations prepare for payroll tax audits - whether they've already got the notice or are still hoping they don't!

Program Benefits

Being both knowledgeable and choosy about which benefits you provide will go a long way in keeping workers motivated - without breaking either your company’s or their budgets. Join us to learn how to properly value, tax and report on the benefits you select to offer your employees.

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