Issues Arising From Travel Pay and Personal Vacation

$149.00

SKU: 410388

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: 1:00 PM ET End Time: 2:05 PM ET

Learning Objectives

* You will be able to define different types of travel and possible tax implications.

* You will be able to describe what a temporary workplace is and why it is important.

* You will be able to identify travel time and how to pay it correctly.

* You will be able to recognize how to avoid possible tax issues when employees travel for the company.

Tax Issues and Definitions
• Tax Home
• Travel to Different Workplaces
• Travel to a Regular Workplace
• Travel to Two Regular Workplaces
• Travel When Residence Is a Regular Workplace

Travel to a Temporary Workplace
• Definition
• Special Situations

Travel Time-What Is It?
• One Day Trips
• Overnight Trips
• Special Situations Such as Emergency Travel

Travel Expense Policy
• What Needs to Be in It
• Differentiating Business Travel and Personal Travel
• Exceptions

AIPB ,CPP/FPC (Pending) ,ASA ,CLE (Please check the Detailed Credit Information page for states that have already been approved) ,HR Certification Institute ,CPE ,SHRM ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Tricia Richardson, CPP, SPHR, SHRM-SCP-Purposed Payroll Professional