Description

This fringe benefit related webinar focuses on regulations and compliance requirements for taxation and reporting of Fringe Benefits. Highlights also include payroll s responsibilities for proper record keeping and record retention.

Learning objectives:

Find out what is and is not taxable.
Learn to avoid reporting mistakes.
Learn the essential facts regarding compliance with common and uncommon fringe benefits.

Areas Covered in the Seminar:

How to handle qualified and nonqualified deferred compensation.
Dealing with cafeteria plans.
Handling Auto Allowances.
Withholding, depositing, and reporting taxable non-cash fringe benefits.
Taxation and Reporting of Relocation or moving expenses.
Educational assistance taxation and reporting.
How to calculate and tax excess group term life insurance.
Exclusion limits on qualified transportation fringe benefits.
Substantiation, recordkeeping, taxation and reporting requirements for the personal use of company car.

Who Will Benefit: