Taxing and Reporting Fringe Benefits

WHY ATTEND

The questions are many: When is something de minimis and when it is not? Above what amount are certain fringe benefits taxable and reportable? What recordkeeping is required … and on which form, in which box, and with what code do you report fringe benefits?

To make matters worse, the IRS is getting more and more persnickety about consistency of treatment, documentation and retention. Auditors are more likely than ever to dig deep to find mistakes in your organization’s handling of fringe benefits.

There’s simply no room for error.

That’s why we invite you and your team to join payroll expert Vicki M. Lambert, CPP to learn what you must know to properly tax and account for fringe benefits.

LEARNING OBJECTIVES

This must-attend 90-minute program will cover:

• Determining de minimis benefits exclusions
• Substantiation, recordkeeping, taxation and reporting requirements for the personal use of company car as opposed to business use of a personal vehicle
• Proper reporting of moving expense reimbursements
• What is includable/excludable from employee’s income when awards and prizes are given for outstanding achievement, cost-saving suggestions, safety ideas, etc.Third party sick pay and employer’s agent issues
• Minimum length of service for which the value of a length of service award can be excluded from an employee’s income
• What to do with gift certificates

ABOUT THE SPEAKER

Vicki M. Lambert, CPP, is President and Academic Director of The Payroll Advisor™, a firm specializing in payroll education and training. The company’s website www.thepayrolladvisor.com offers a payroll news service which keeps payroll professionals up-to-date on the latest rules and regulations.

With over 35 years of hands-on experience in all facets of payroll functions as well as over 20 years as a trainer and author, Ms. Lambert has become the most sought-after and respected voice in the practice and management of payroll issues. She has conducted open market training seminars on payroll issues across the United States that have been attended by executives and professionals from some of the most prestigious firms in business today.

A pioneer in electronic and online education, Ms. Lambert produces and presents payroll related audio seminars, webinars and webcasts for clients, APA chapters and business groups throughout the country. Ms. Lambert is an adjunct faculty member at Brandman University in Southern California and is the creator of and instructor for their Practical Payroll Online program, which is approved for recertification hours by the APA. She is also the instructor for the American Payroll Association’s “PayTrain” online program also offered by Brandman University.

Certification

This program has been approved for 1.5 recertification credit hour(s) through the HR Certification Institute (HRCI) & Society for Human Resource Management (SHRM).