Description
Understand the issues and complexities when travel pay and personal vacation combine.It is important to understand what tax implications there may be when an employee travels for a company and why it is important to ensure that the travel is business related. Most employers pay or reimburse employee expenses when they travel for business. Many of these expenses include transportation, meals, lodging, and incidental expenses. However, there are tax implications when the travel is of a longer duration. These travel expenses paid or reimbursed by the employer must be treated as taxable compensation to the employee and are subject to W2 reporting and payroll taxes. Employers need to make sure they have a solid policy on travel to ensure they manage the tax implications for the company as well as report it correctly for the employees.
Date: 2023-02-07 Start Time: End Time:
Learning Objectives