Background:-
There are lots of ways to reward workers other than wages. Smart businesses understand the two-way importance of helping employees out with things like education, commute help, health, wellness, etc. The IRS also recognizes the economically stabilizing results of fringe benefits. They have categorized the many different types of benefits, and set limits on which the value does not have to be taxed to the worker.
However, limitations exist on types and amounts of fringe benefits that are non-taxable to the worker. Making mistakes can result in audits, inquiries, or assessments for unpaid taxes.
Why Should You Attend?
Specifically, IRS auditors are focusing on executive compensation. Stock options, golden parachutes, insurance, and other perks are designed to keep your high-priced executive talent in place. However, mismanagement of these benefits can subject you to not only payroll tax audits, but personal income tax audits for the executive.
Being both knowledgeable and choosy about which benefits you provide will go a long way in keeping workers motivated without breaking either your company’s or the workers’ budgets. Covid-19 has made certain choices more beneficial, as the government will pay for things like mandated sick pay.
The IRS has an entire booklet on all the various types of fringe benefits. How confident are you in the proper reporting and taxability of the ones you offer, or would like to offer?
Who Will Benefit?
Any Organization, Institution or Group User can register
Registration Form support@webinaraxis.comDownload the
Order FormAccess Information for Live Session will be emailed to you 12 hours prior the live date.
Access Information for On-Demand, and Transcript will be emailed to you 24 hours post of the live session.
Also, You can access the training information from your dashboard at WebianarAxis.
Mark Schwartz in an employment tax specialist with over 25 years of payroll tax experience. He has been an employment tax auditor with the state of California. During that time he managed an audit caseload of over 25 businesses – ranging from home-based businesses to large multinational corporations. He understands the full range of employment tax law for both federal and state purposes.
For the last 15 years, Mark has helped hundreds of clients sort out confusing details in order to effectively run payroll operations. Mark prides himself on listening attentively to his clients, and not ceasing his consulting duties until the client is fully satisfied with the answers and advice.
Mark’s audio conferences are jam-packed with all details applicable to any given topic. He incorporates his experience with the laws and regulations – this gives audiences a leg up on applying the knowledge to their business. Furthermore, Mark is generous with this time for anyone who attends a live conference. He will help research anything on the given topic – free of charge.
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