ThomsonReuters

MARCH 11, 2021

Special reimbursement rates may be used for employees in the transportation industry. Per diems can cover lodging, meals, and incidental expenses, or just meals and incidental expenses. The post What Are the Tax Consequences of Providing Per Diem Payments for Employee Travel Expenses?

Expense Reimbursements 59

Expense Reimbursements Tax Hawaii Alaska 59

ThomsonReuters

SEPTEMBER 30, 2022

This notice, which replaces IRS Notice 2021-52 (see our Checkpoint article ), announces rates for use under the optional high-low substantiation method, special rates for transportation industry employers, and the rate for taxpayers taking a deduction only for incidental expenses. Contributing Editors: EBIA Staff.

Expense Reimbursements 93

Expense Reimbursements Transportation Tax Account 93

ThomsonReuters

JUNE 30, 2022

Furthermore, employers will have to consider whether to provide such benefits on a tax-favored basis (which limits the type and amount of expenses that may be covered) and whether to use an existing plan or establish a separate arrangement. Contributing Editors: EBIA Staff.

Expense Reimbursements 98

Expense Reimbursements Mississippi Transportation Tax 98

Pooley Accounting Services

APRIL 28, 2022

Project accounting can be difficult to manage, especially if it includes tracking billable expenses on the go. When employees travel to a client’s location to install software or equipment, transportation and living expenses are billed to the client. Getting employees to document their expenses can be a struggle.

quickbooks 52

quickbooks Expense Reimbursements Transportation bookkeeping services 52

ThomsonReuters

SEPTEMBER 9, 2021

This notice, which replaces IRS Notice 2020-71 (see our Checkpoint article ), announces rates for use under the optional high-low substantiation method, special rates for transportation industry employers, and the rate for taxpayers taking a deduction only for incidental expenses. Contributing Editors: EBIA Staff.

Expense Reimbursements 52

Expense Reimbursements Transportation Tax Account 52