IRS Rules for Reimbursing Remote Worker Business Expenses
Employees now required to work at home and use their own resources are asking employers to reimburse these additional expenses. Should employers reimburse employees? The answer can get tricky.
These requests create a whole new set of issues and cost factors for employers: should you cover computers, internet, cell phones, etc.? How does the IRS look at the taxation of these expenses if you reimburse employees? Plus, what is the impact on the organization, especially if you took out a PPP loan/grant for expenses?
In this 60-minute program we’ll discuss the complex issues regarding this new era of remote employees, the impact it has on companies financially and on IRS compliance. Join us to discover:
- What “services” an organization should provide to remote employees so they can perform their job duties
- Which expenses employers can reimburse and under which conditions
- The difference between what’s taxable and reportable according to the IRS
- What cost factors a company needs to consider in providing internet, cell phones, etc. to its remote employees
Covering Your Remote Workers’ Expenses: What You Can & Can’t Do
- Rules for reimbursing remote employees for business expenses
- Does it make a difference if I pay expenses directly to vendors or reimburse my employee with their receipts for these services?
- How expense reimbursements can lead to fraud if not monitored properly
- Understanding IRS terminology: taxable vs reportable
Key Impacts of COVID-19 and the Cost of Doing Business
- How to engage in a cost benefit analysis regarding remote employees
- Financial impact of COVID-19, stay-at-home workers, and taxation issues
- Are there any taxable issues triggered by COVID-19?
- How Human Resources becomes involved with COVID-19 cost factors and IRS issues
Understanding the PPP and COVID-19 Relief Programs for Companies
- Newest updates for tax year 2020 and the PPP program
- If you received a PPP loan/grant, what impact can it have on running the business
- Understand the impact of the CARES Act, PPP Loan/Grant Program, and their requirements
About the Speaker
Pamela Fagan Shull is president of Audit Business Services, Inc. She is a management consultant and compliance auditor to government, business, and associations with global perspective. She has fifty years of experience in human resources, payroll, management, accounting and finance. She has been an Executive Vice-President for a manufacturing plant; director of accounting and personnel, and CEO for a nationwide rental company, business manager for a non-profit opera company; and currently is the operations director for a Native American non-profit organization.
- Pamela has been a trainer/presenter for multiple training companies for the last 27 years. Her topics have included accounting, payroll, human resources, communication and time management, safety, computer courses and administrative/management classes. She is a specialist in all 50 states and Canada employment, labor and tax laws.
- She is a member of the Society for Human Resource Management, and a member of the American Payroll Association. She has her SPHR certification with SHRM, CPP (certified payroll professional) certification with American Payroll Association, TFOC (tribal finance officers certification) with Native American Finance Officers Association, and her THRC (tribal human resources certification).
In this information-rich program, you’ll learn which expenses your can reimburse for remote employees, the reporting and taxation requirements, plus the impact PPP and other programs have on your operations.
If you'd like this program customized for your organization, call us at 1-800-964-6033. We're certain we can fulfill your training needs, while making it fit in your budget!