It doesn't matter if a business is big or small; all businesses incur costs and expenses to reduce the business's taxable income. Sometimes employees, and not just employers,...
Posted by Daniel P Vigilante CPA and Profit Consultants on 06/06/2021
In many cases, reimbursement of mileage is not compulsory in the United States even though there is a yearly Standard Mileage Rate for employers and their workers categorized as follows:With...
Posted by Tiffany Gaskin on 05/24/2021
Employee expenses are no longer deductible. Nevertheless, if the employer reimburses the employee under an accountable plan, the reimbursements should not be reported as income by...
Posted by Income Taxes and Bookkeeping LLC on 04/06/2021
An accountable plan is a plan that complies with the Internal Revenue Service (IRS) rules for reimbursing workers for business expenses if the reimbursement is not considered income....
Getting a job, or a new one, is an important event & decision that requires a change in your personal and professional life, but when the opportunity arises, especially with great...
What is a health expense reimbursement agreement (HRA)?A health reimbursement agreement (HRA) is an employer-funded plan that reimburses employees for eligible medical expenses and,...
Posted by Schneiderman and Friedman on 01/18/2021
